‘They asked too much’: Canadian dollar slides as Ottawa and Washington head for all-out trade war

• The Canadian dollar fell against a slew of major currencies Monday after the U.S. imposed 50% tariffs on around $20 billion worth of its imports.
• “As a smaller, more open economy, Canada has more to lose from this,” strategists at ING said Monday.
• Canadian Prime Minister Mark Carney said Washington had “asked too much” and he was not prepared to “compromise Canada’s sovereignty or undermine our key industries.”

https://www.cnbc.com/2026/08/24/canada-us-trade-war-deal.html