The Trump administration yesterday began the process of imposing a tariff of up to 24% on Canadian softwood imports into the U.S.
Trump tweets: "Canada has made business for our dairy farmers in Wisconsin and other border states very difficult. We will not stand for this. Watch!"
The loonie (NYSEARCA:FXC) is lower by 0.75% vs, the greenback to $0.7353, its weakest level since late last year. Stocks in Toronto are higher by 0.45% in early action.