Here’s the latest as Trump tariff deadline looms in Canada [Video]

U.S. President Donald Trump has said he will impose a 25 per cent tariff on Canadian goods as early as Saturday.

Politicians and business groups are making a final push today in the hope of avoiding or mitigating the move, and the economic uncertainty that would follow.

Here’s the latest (all times Eastern):

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11:20 a.m.

The Canadian dollar fell to its lowest level against the U.S. dollar since the early days of the pandemic as U.S. tariffs on Canadian goods loomed and Statistics Canada reported the economy contracted in November.

The Canadian dollar dipped below 69 cents US earlier in the day on fears of a trade war.

Desjardins managing director Royce Mendes says in an analysis this morning that the loonie has farther to fall if tariffs take effect.

Although currency markets reacted to the announcement, Mendes says the magnitude was relatively minor compared to what should be expected if it turns out that 25 per cent …