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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...

<p>Is the Peso too strong? Some inflation would be good for Mexico if it reflected rising wages.</p> <p>ALAMOS, Mexico -- For a generation the big issue in Mexico has been the peso exchange rate; the inauguration of President Vicente Fox was the first since 1976 not involved with a currency crisis. But today Mexico has a new worry, that the peso is not too weak, but too strong.</p>