'Different from anything in the past 80 years of dollar dominance': U.S. sanctions spur a 'paradox' pushing allies away from American currency

Donald Trump stands behind a podium, mimicking holding a gun. (Credit: Tom Williams/CQ-Roll Call, Inc—Getty Images)

The world’s de-dollarization push continues, but this time, it’s America’s allies who are pulling back from greenbacks.

Canadian Prime Minister Mark Carney announced last week a $25 billion sovereign wealth fund to bolster domestic infrastructure, part of an effort to make Canada’s economy less dependent on the U.S.