The U.S. dollar rose to a one-week high against the Canadian dollar on Tuesday after President Donald Trump hit Canada with more tariffs, while the euro hit a new four-month peak against the U.S. currency on hopes of a German defence spending deal.

A significant impact on Canada's foreign investment inflows could potentially compromise economic growth, creating a bearish outlook for the loonie”

As leaders around the world try to figure out how best to deal with the new Trump administration, one Canadian official has come out swinging. Ontario Premier Doug Ford, a regular on major US networks where he has addressed Americans directly,