Loonie soars against greenback as investors globally dump U.S. dollar on tariff and economic fears

News Snapshot:

The Canadian dollar (CADUSD), euro and the Japanese yen soared against the U.S. dollar on Thursday, as investors grappled with how U.S. President Donald Trump’s far-reaching tariffs will impact global trade and economic growth. Investors continue to flock to safe-haven units such as the yen and Swiss franc as the U.S. dollar weakened to six-month lows against both those currencies. The Canadian dollar was trading up more than a full cent from prior to Trump’s announcement on tariffs late Wednesday, to just above 71 cents U.S. “The takeaway there is that the U.S. doesn’t care about growth, at least short-term...