February 3, 2025 – Written by Frank Davies
STORY LINK Canadian Dollar Slumps to 21-Year Low as Trump Imposes Tariffs
The Canadian dollar crashed after President Trump carried out his threat to impose tariffs on Canada, dashing hopes of a last-minute reprieve.
The US Dollar-to-Canadian dollar (USD/CAD) exchange rate hit a 21-year high just below 1.4800 before a correction to 1.4680.
The Pound to Canadian dollar (GBP/CAD) exchange rate posted 2025 highs around 1.8180 before a retreat to 1.8070.
According to ING;…
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