Canada

The loonie is shaping up as an early casualty of U.S. president-elect Donald Trump’s latest trade threats against Canada, with knock-on impacts expected elsewhere in Canadian pocketbooks. The value of the Canadian dollar dropped to a four-and-a-half-year low of 70.53 cents to the U.S. greenback late Monday in the wake of Trump issuing renewed threats via social media for 25 per cent tariffs on all imports from Canada and Mexico.The loonie regained some value through the morning on Tuesday but was down 0.7 per cent over the past day and held below the 71-cent mark by 10 a.m. eastern.Despite a…

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