By Fergal Smith TORONTO - The Canadian dollar clawed back some of its recent declines against its U.S. counterpart on Tuesday as the greenback posted broad-based losses and investors doubted that hefty U.

Loonie markets are recovering ground as the Trump administration begins to pivot away from its own tariff policies. Key labor data still looms large at the end of the week with Canadian employment figures and another round of US Nonfarm Payrolls net jobs additions.

The Canadian dollar strengthened against its U.S. counterpart on Wednesday, extending its rebound from a one-month low, as investors weighed prospects of Canada's receiving some relief from U.S. tariffs.