TORONTO: The Canadian dollar was little changed against its US counterpart on Monday as investors sat tight ahead of potential news on trade after buying option structures in recent days that could profit from increased volatility in the currency.
US President Donald Trump said he would announce his latest plan on China tariffs after the markets close, with expectations he would level them on about $200 billion of Chinese imports.
Canada runs a current account deficit, so its economy could be hurt if the global flow of trade or capital slows.
The country has its own trade feud with the United States and is also in talks to revamp the North American Free Trade Agreement.
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