Canadian dollar posts a 7-month high as Carney visits White House

News Snapshot:

The Canadian dollar CADUSD rose to a near seven-month high against its U.S. counterpart on Tuesday as the greenback posted broad-based declines and investors assessed Canadian Prime Minister Mark Carney’s visit to the White House for clues on trade policy. U.S. President Donald Trump, whose tariff policy has rattled world markets, said he and Carney would discuss “tough points,” an allusion to Trump’s belief that the United States can do without Canadian products, a point that he made at length during an Oval Office conversation. “The U.S. is not backing down on the tariffs with Canada,” said Marc Chandler, chief...