The Canadian dollar fell ahead of the US deadline for new tariffs

The Canadian dollar reversed some of its recent gains against its US counterpart on Tuesday, while bond yields fell slightly from multi-year highs, as investors weighed the chances of Canada reaching a deal with Washington to avoid new tariffs on its exports. The Canadian dollar fell 0.2% to 1.39 Canadian dollars per US dollar, or 71.94 US cents, after hitting its highest level in more than two months on Monday.

1.3842 Canadian dollars to the US dollar. Canadian Prime Minister Mark Carney's office said Carney spoke with US President Donald Trump on Monday, as Canada tries to reach a last-minute agreement to avoid new 50% US tariffs coming into effect at midnight on Wednesday. The new US tariffs will include imports from Canada worth about $20 billion. Analysts said: “It may push an agreement.”

The US dollar/Canadian dollar pair is sustainable towards the 1.37 level, adding that “escalating tensions may lead to the pair returning to above the 1.40 level in the coming days.” The rise in oil supports the Canadian dollar despite tariff pressures, and West Texas Intermediate crude futures rose by 0.6% to $85.03 per barrel, with the decline in the prospects of reaching an agreement to end the war in the Middle East, which reinforced concerns about the continuation of...

Power supply disruptions for a longer period. Oil is one of Canada's main exports. Home sales in Canada rose for the fourth straight month in July, registering a 0.5% increase compared to June, while prices rose slightly. “The Canadian housing market is stabilizing, and we may have reached the bottom of this long cycle,” Robert Kavcic, chief economist at BMO Capital Markets, said in a note. It showed separate data for the month

July New housing starts unexpectedly fell, down 5% compared to the previous month. Canadian government bond yields fell by two to three basis points along the yield curve, but that came after the 30-year bond yield hit its highest level since January 2010 at 4.173%. Long-term borrowing costs in the United States, Japan and Germany have risen to their highest levels in decades, as concerns grow

Again on inflation, along with continued concerns about financial pressures in major economies, dealing a new blow to bond markets.

Oil prices rose slightly on Tuesday, recording a third consecutive session of gains, after Iran said it would adopt a more aggressive stance and that the Strait of Hormuz would remain closed, while Washington ruled out extending the ceasefire.

Gold prices fell during trading on Tuesday, as Treasury yields rose

The US economy reached its highest levels in decades, at a time when rising energy prices due to escalating tensions between the United States and Iran have increased inflation fears.

Chicago Board of Trade (CBOT) wheat futures fell during trading Tuesday, with prices falling by as much as 2 cents a bushel, but continued disruptions in grain shipments through the Black Sea limited losses.