Canada’s exchange rate with U.S. is ‘unacceptable’: Trump
U.S. President Donald Trump has labeled Canada's currency exchange rate as 'unacceptable' amid ongoing trade tensions. This follows a series of reciprocal tariff measures between the two nations.
Why it matters
The escalating trade rhetoric and tariff war between the U.S. and Canada could significantly impact North American economic stability.
U.S. President Donald Trump says Canada’s exchange rate with the U.S. is “unacceptable.”
In a post shared to Truth Social on Sunday, Trump added it has “been that way for years.”
“Canada’s (currency) Dollar imbalance with the U.S. is unacceptable,” the post reads. “It has been that way for years - but no longer!”
Trump did not elaborate on what he meant by the post.
The U.S. dollar currently trades at approximately C$1.38.
This means that C$1 is worth around 72 U.S. cents.
The Canadian dollar has historically been weaker than its U.S. counterpart, which makes Canadian exports cheaper to American customers and American goods more expensive for Canadians.
Trump’s post comes two days before Canada’s tariffs on U.S products comes into effect on Tuesday, Sept. 8.
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