By Fergal Smith TORONTO -The Canadian dollar tumbled to a near five-year low against its U.S. counterpart on Thursday and bond yields fell as U.S. President Donald Trump repeated his threat of hefty tariffs on goods from Canada and Mexico,

The U.S. is Canada’s biggest trading partner and consumes over three-fourths of all its exports. The sell-off in shares and impending trade tensions with the U.S. pushed bond yields down, with the 10-year government bond yield falling 7.5 basis points to 3.189 per cent.

The Canadian Dollar (CAD) fell back once again into familiar consolidation against the US Dollar (USD) on Monday, shedding a recently-gained one-third of one percent and continuing to send the USD/CAD pair on a sideways grind around the 1.4400 handle.

The Canadian dollar steadied against its U.S. counterpart on Thursday and bond yields fell as the European Central Bank cut interest rates as expected and investors weighed a possible signal that Canada could avoid U.