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2017.04.2422:31:00UTC+00Loonie Declines as US Unveils Tariffs on Canadian Lumber

The Canadian dollar dwindled following the Trump administration announced it would levy tariffs on Canadian softwood lumber imports.

US commerce chief Wilbur Ross said America would impose charges ranging from 3% to 24% on five Canadian lumber exporters including Tolko Marketing and Sales.

Loonie stood at C$1.3555 to the US dollar on Tuesday, its lowest since December.

Tags: Forex
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