Currency: What's Happening Between The US Dollar And Canadian Dollar?
The Canadian dollar has plunged below its usual price radar, plummeting to hit the four-year low against the US dollar. The changing geopolitical narratives with the Trump regime tightening ropes surrounding tariffs and taxes have compelled CAD to fall dramatically. Also Read: Ripple: Will XRP Hit $2 In December 2024? Why Is the Canadian Dollar Falling? Source – Pixabay The Canadian dollar has hit a new four-year low against the US dollar. The fresh Tuesday statistics have reported the CAD falling dramatically against the US dollar. As the United States heads towards a new phase of political regime with Trump taking the lead, the president-elect’s stricter policies concerning tariffs have compelled the CAD to hit a new low. “As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing crime and drugs to levels never seen before,” Trump wrote, citing the issue of illegal immigration and illicit drugs. Trump on Tuesday announced his plans to impose stric...