New Delhi, Feb. 3 -- The Canadian dollar rebounded from its 22-year low against the US dollar on Monday on hopes of Canada achieving a reprieve from US tariffs.

The Canadian currency was trading 0.5% lower at 1.4590 to the US dollar, or 68.54 US cents, after earlier tumbling to its weakest level since April 2003 at 1.4793.

US President Donald Trump said that he had spoken with Canadian Prime Minister Justin Trudeau and would do so again at 3 p.m. ET (2000 GMT).

However, Canada is not optimistic it can get the same kind of one-month reprieve from US tariffs that was granted to Mexico, the New York Times reported citing a senior Canadian government official.

Trump has paused new tariffs on Mexico for one month after Mexico agreed to rei...