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Canadian Dollar Drops Amid Trump's Tariff Threat

10/28/2025

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Summary

Story summary

On October 27, 2025, the Canadian dollar stood at 1.3998 per U.S. dollar.
U.S. President Donald Trump announced a 10% tariff on Canadian goods.
Investors dismissed the tariff threat.
The Bank of Canada is expected to cut interest rates further this week due to rising unemployment and economic slowdown, following a previous reduction to 2.50%.
Oil prices fell to $61.46 per barrel.

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Story summary

On October 27, 2025, the Canadian dollar stood at 1.3998 per U.S. dollar.
U.S. President Donald Trump announced a 10% tariff on Canadian goods.
Investors dismissed the tariff threat.
The Bank of Canada is expected to cut interest rates further this week due to rising unemployment and economic slowdown, following a previous reduction to 2.50%.
Oil prices fell to $61.46 per barrel.