Posted on 02/02/2025 6:42:53 PM PST by bitt
Canada’s dollar and Mexico’s peso took a hit Saturday, with Canada’s dollar sliding to its lowest level since 2003, one day after President Trump imposed tariffs on the two nations.
The Canadian dollar dropped 1.4% to roughly C$1.47 against one U.S. dollar.
BREAKING: Canadian dollar plummets to the lowest level against U.S. dollar since 2003: pic.twitter.com/3DSc30FlKu
— End Wokeness (@EndWokeness) February 2, 2025
The Mexican peso also fell more than 2% to 21.15 against one dollar U.S., Financial Times reports.
Chief economist at Mexico’s Banco Base, Gabriela Siller, says, “If the tariff stays on for several months, the [peso’s] exchange rate will reach new historic highs.” She added, “If the tariff stays on, it will be a structural change for Mexico . . . and Mexico could go into a profound recession that would take years to come out of.”
President Trump officially imposed tariffs on Canada, Mexico, and China on Saturday after they had ignored his threats.
Trump slapped the tariffs on the three countries under the International Emergency Economic Powers Act.
25% tariffs on all Mexico imports
25% tariffs on nearly all Canadian imports — 10% on Canadian energy resources
10% tariffs on all China imports
As The Gateway Pundit reported earlier, During a news conference Saturday, Trudeau said, “Canada will be responding to the US trade action with 25% tariffs against $155 billion worth of American goods.” He continued, This will include immediate tariffs on $30 billion worth of goods as of Tuesday, followed by further tariffs on $125 billion worth of American products in 21 days’ time to allow Canadian companies and supply chains to seek to find alternatives.
(Excerpt) Read more at thegatewaypundit.com ...
P
Canadians need to demand new elections NOW!
Hee hee.
Stock Market crashing. S&p Down over 100
bitcoin down to 93k
I sure hope the American people, outside of the liberals and those with TDS, can be patient while we go through the lean months.
It’s Loonacy....
Twonacie
“Stock Market crashing.”
If it goes 3 days, a Yuge buying opportunity.
Tuna-cie
Hedge funds bet big on market crashing. So they arent going to come in and support it until whatever number they are looking for hits.
“Canadians need to demand new elections NOW!”
Canadians have the same problem most Americans do.
larger cities run the country.
Canada doesn’t have an electoral college,
so they are screwed.
We are barely better off.
The Canadian dollar has been in steady decline since 2011.
“bitcoin down to 93k”
Just where does BitCoin have any legitimate value?
From its vaults of Gold, Pt, Li, Oil?
It’s fundamental growth of providing value output added to the economy?
TDS, Big Time.
Do they worship at the shrine of the Hunt Bros?
Our stock market or theirs could care less about theirs
Let them fall until the Canadians, the Mexicans and the Central and South American come and take their sewage home with them.
The tulip craze in our lifetime....
I dont keep up with Mark Cuban but seeing a lot of posts about how he had to sell part of Mavericks because of crypto losses. Thus, he had no control over the shocking announcement this weekend about Luka.
LOL.
As I posted on another thread, "All hands stand by for heavy rolls while the ship of state comes about"!
There is going to be some instability as things shake out. Trump already warned we may feel some pain. Let's pray this works out in our favor, as our enemies and "friends" alike will be working, possibly together, to take advantage of us.
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