The US came out swinging during the fourth round of NAFTA re-negotiations, which ended last week, renewing concerns the agreement could collapse.
The US presented a number of tough proposals, including the addition of a sunset clause, which would lead to NAFTA expiring every five years unless all three countries agreed to extend it. Mexico and Canada rejected the US's proposals.
Last month, the central bank unexpectedly hiked rates by 25 basis points, citing stronger than expected data.
The Canadian dollar was down by 0.7% at 1.2771 per US dollar at 10:11 a.m. ET.
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