The loonie’s free-floating exchange rate should soften the blow of Trumpian trade chaos

News Snapshot:

Open this photo in gallery: JONATHAN HAYWARD/The Canadian Press Drowned out by the din from Donald Trump’s tariff war is a second front in the president’s obsession with eliminating his country’s trade deficit: the U.S. dollar. Some of the administration’s advisers want to devalue the greenback to bring manufacturing back to the U.S. Others want to reduce the dollar’s role as the world’s reserve currency. According to the IMF, the greenback accounts for almost 60% of all foreign currency reserves held by international central banks and other financial institutions. (A Belgian-American economist named Robert Triffin predicted this phenomenon in the...