India, July 14 -- The Canadian dollar advanced against its most major counterparts in the New York session on Monday, as investors shrugged off tariff threats from President Donald Trump over the weekend.

Trump announced 30 percent tariffs on imports from the European Union and Mexico starting August 1.

However, both countries indicated willingness to negotiate with the Trump administration to avoid escalation of trade war.

Traders awaited data on inflation and retail sales scheduled to be released this week.

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