The U.S. has placed tariffs on steel and aluminum. Canada has responded with its own tariffs on C$16.6 billion worth of imports from the U.S. on July 1.

The Invesco CurrencyShares Canadian Dollar Trust (NYSE: FXC) has also reflected the depreciation in the Canadian dollar. FXC, which tracks the movements of the loonie against the U.S. dollar, has declined 5.8% year-to-date, with the CAD now trading at around USD $0.7536.

Other Canada ETFs include the First Trust Canada AlphaDEX Fund (NYSEArca: FCAN), Guggenheim Canadian Energy Income Fund (NYSEArca: ENY) and the SPDR MSCI Canada Quality Mix ETF (NYSEArca: QCAN).

For more information on international markets, visit our global ETFs category.