Bearish
CAD/JPY dips to 115.09 amid escalating US-Canada trade tensions
The Canadian dollar weakened against the Japanese yen, with CAD/JPY falling to 115.09, as escalating trade tensions between the US and Canada led to the imposition of 50% tariffs on Canadian goods by the US, prompting Canada to retaliate.
Key points
- US imposes 50% tariffs on Canadian goods; Canada vows to match tariffs.
- Dollar index rises 0.2% to 99.003 amid mixed market sentiment.
- USD/JPY declines as Japan's inflation fuels September BOJ rate hike expectations.
Sources
- Canadian dollar dips after US-Canada talks collapse into trade war; oil prices fall ahead of US sanctions on Iran – business liveThe Guardian · August 24, 2026
- Dollar Index Rises 0.2% to 99.003 on August 24KuCoin · August 24, 2026
- USD/JPY Falls as Japan Inflation Fuels September BOJ Rate Hike BetsFX Rate Updates · August 24, 2026
AI-generated from public news sources. Not financial advice.
