India, March 10 -- The Canadian dollar declined against its most major counterparts in the New York session on Monday, as rising economic uncertainty and tariff concerns dampened sentiment.
Traders are mulling over comments from U.S. President Donald Trump that the U.S. economy faced "a period of transition."
In a Fox News interview that aired Sunday, Trump declined to rule out a recession this year, saying "There is a period of transition" that will eventually pay off for the economy.
However, Trump's commerce secretary, Howard Lutnick, was more definitive and said "absolutely not" when asked whether Americans should brace for a downturn.
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