The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie was trading 1% higher at C$1.408 to the greenback, or 71.02 U.S. cents,

A weak currency could offset some of the tariff impact from President Trump’s 25% duty on imported cars, said David Paterson, the representative in Washington D.C. for the Canadian province of Ontario.

“Visit Lauderdale is deeply concerned about potential travel restrictions on our tourism industry,” said Stacy Ritter, President and CEO of Visit Lauderdale, Greater Fort Lauderdale’s official marketing organization. The area annually gets about 1.1 million Canadian tourists, she noted.

The Canadian dollar weakened against its U.S. counterpart on Monday, giving back some monthly gains, as investors grew risk-averse ahead of U.S. trade tariffs expected to be unveiled this week.

While the new TV deal will help, the Raptors are facing tremendous uncertainty with Canada's lagging currency.

Q: What is the Canadian Dollar worth against the Dollar? A: One Canadian Dollar is worth 0.6983 Dollars today Q: Is the Canadian Dollar going up or down against the Dollar? A: Today's exchange ...

Industry experts are reporting a steep decrease in Canadian visitors so far in 2025, pointing to a drop in airline and hotel bookings and reduction in the number of available seats on Canadian airlines flying into the United States.

“The Bank of Canada has turned cautious on the pace of rate cuts, while the Fed waits for hard data. Yield spreads may narrow, especially if the U.S. labour market cracks,” said Desjardins chief economist Jimmy Jean and foreign exchange strategist Mirza Shaheryar Baig.