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Almost immediately, Canadian leader Trudeau responded with matching tariffs on 30 billion Canadian dollars ($20.8 billion) worth of American goods, with potentially more to come.
All the good news of the past in terms of GDP, jobs and inflation is likely to reverse, he said. ... ($1 = 1.4451 Canadian dollars) (Reporting by Promit Mukherjee; Additional reporting by David ...
The Employment Index was at 47.3, down from 48.3 in January, while the measure of input prices rose to a four-month high of 60.4 as a weaker Canadian dollar contributed to increased costs.
After years of effort and thousands of dollars in investment, Tom Bard, a Kentucky craft bourbon distiller, gained a foothold in the Canadian provinces of British Columbia and Alberta and watched his sales grow north of the border. Now Kentucky bourbon is in Canada's crosshairs, and an order from his Canadian distributors is on hold.
United States–Canada–Mexico trade war Date February 1, 2025 (2025-02-01) – present (1 month and 4 days) Location United States Canada Mexico Status Ongoing United States tariffs on Canada and Mexico took effect on March 4 Canadian retaliatory tariffs on the U.S. began simultaneously Mexico plans to announce its response on March 9 Parties United States Canada Mexico Lead figures Donald ...
The cost of one United States dollar in Canadian dollars from 1990 The cost of one Euro in Canadian dollars from 1999 Since 76.7% of Canada's exports go to the U.S., and 53.3% of imports into Canada come from the U.S., [ 34 ] Canadians are interested in the value of their currency mainly against the U.S. dollar.
The move comes amid a volatile week in trade policy, as Trump imposed across-the-board 25% tariffs on Canada and Mexico, with Canadian energy products facing a lower 10% rate.
The value of the dollar continued to be set by reference to the British sovereign and the American eagle, at the rate of 4.8666 Canadian dollars equal to £1, and ten Canadian dollars equal to the ten-dollar American eagle, the same rates as set in the 1853 Province of Canada legislation. [54] [56]