The Canadian dollar is falling further against the U.S. dollar as the collapse of Canada–U.S. trade talks is resulting in further tariffs and trade tensions.
After the two countries failed to reach an agreement on Aug. 21, the United States imposed 50 percent tariffs on roughly $28 billion of Canadian goods the next day, covering products including dairy, wine, wood, furniture, and cement.
In response, Canadian Prime Minister Mark Carney said Canada would respond with its own tariffs starting on Sept. 8, targeting U.S. steel, dairy, agricultural equipment, paper, and electronics.
As of 2:10 p.m. EST, the Canadian dollar was trading at 72.16 cents U.S. compared to 72.67 cents U.S. on Aug. 21, representing a decline of 0.7 percent….