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Line chart showing the Canadian dollar holding near 1.3880 per US dollar amid a Section 338 tariff pause in mid-August 2026.

The Canadian dollar held near 1.3880 against the US dollar this week after President Trump paused planned 50% tariffs on Canadian autos, alcohol and dairy three hours before their deadline, delaying the measure to Friday, August 21. Prime Minister Mark Carney called it substantial progress rather than a resolved dispute. A stronger than expected July jobs report, which added 75,100 positions and pulled unemployment to 6.4%, gave the currency a steadier footing heading into the new deadline.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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