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Line chart showing USD/CAD declining 1.1 percent over two weeks heading into a tariff deadline.

USD/CAD fell more than one percent between August 9 and August 20, with the steepest decline coming in the three sessions framing a pause on a US tariff covering roughly $20 billion of Canadian goods. The tariff, threatened at a 50 percent rate on hundreds of product lines beyond the usual autos, dairy and alcohol categories, was set to take effect at midnight without a finalized trade agreement, and the currency move suggests traders were already pricing resolution ahead of the deadline itself.

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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