Loonie falls to lowest level since 2020 after Trump issues tariff threat

The Canadian dollar fell to its lowest level since May 2020 after Donald Trump threatened to impose tariffs on Canadian goods shipped to the United States once he takes office in January.

Loonie falls to lowest level since 2020 after Trump issues tariff threat
Loonies with the the effigy of King Charles on them are struck at an event celebrating the first coin struck at the Royal Canadian Mint in Winnipeg on Tuesday, November 14, 2023.

The Canadian dollar fell to its lowest level since May 2020 after Donald Trump threatened to impose tariffs on Canadian goods shipped to the United States once he takes office in January.