April 24, 2017 / 9:21 PM / 2 years ago

Canadian dollar falls to four-month low after U.S. announces new duties on Canadian lumber

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015 REUTERS/Mark Blinch

TOKYO (Reuters) - The Canadian dollar fell 0.4 percent in early Asian trade on Tuesday after U.S. Commerce Secretary Wilbur Ross said his agency will impose new anti-subsidy duties averaging 20 percent on Canadian softwood lumber imports.

The Canadian dollar fell to as low as C$1.3555 per U.S. dollar CAD=D4, its lowest level since late December, edging near its December trough of C$1.3598 to the dollar.

Reporting by Hideyuki Sano; Editing by Paul Tait

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