Canadian Dollar Could Face More Pressure Amid Trade Tensions With U.S. -- Market Talk

1045 GMT - Renewed trade tensions between the U.S. and Canada could weigh on Canada's businesses and put pressure on prices and supply chains, Danske Bank's Alexander de Lellis Stroustrup says in a note. This could put further downward pressure on the Canadian dollar. On Tuesday, Canada announced $20 billion in retaliatory tariffs on U.S. goods after President Trump announced new levies on Canadian imports over the weekend. "As Canada goes 'tit-for-tat' the Trump administration is said to be weighing additional measures against it," Stroustrup says. The U.S. dollar rises to a one-week high of 1.3870 Canadian dollars, while the euro reaches a three-week high of 1.6186 Canadian dollars, LSEG data show. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

August 26, 2026 06:45 ET (10:45 GMT)