Canadian dollar dips after US-Canada talks collapse into trade war; oil prices fall ahead of US sanctions on Iran – business live

Washington imposes 50% tariffs on Canadian goods including fishing rods and hockey sticks, while Canada retaliates with levies on US steel and electronics Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business. The Canadian dollar fell after the country’s trade talks with the US collapsed on Friday and Washington imposed 50% tariffs on $20bn of Canadian goods, prompting Canada to retaliate. There’s already been a market reaction this morning to the breakdown of the talks, with the Canadian dollar weakening against every other G