Loonie hits near 8-month low as Trump squeezes NAFTA partners

* Canadian dollar at C$1.2976, or 77.07 U.S. cents * Loonie touches its weakest since July 7 at C$1.2982 * Bond prices rise across the yield curve * 10-year yield touches lowest since Jan. 17 at 2.148 percent TORONTO, March 5 (Reuters) – The Canadian dollar weakened to a nearly eight-month low against its U.S. counterpart on Monday after U.S. President Donald Trump used proposed tariffs on steel and aluminum as a bargaining chip in talks to revamp NAFTA. Trump is expected to finalize the tariffs later in the week. Canada is the largest supplier of both steel and aluminum to the United States.

There goes my Florida vacation this year… ;-/


#BadManxBuggy Bri @ http://www.BadManxBuggy.com


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