Canadian Dollar Hits 14-Month Low: Tariffs Overwhelm Exchange Rate Advantage

The Canadian dollar has hit a 14-month low of approximately 70.9 U.S. cents, causing concerns for Canadian travelers and businesses that rely on cross-border trade.

For Canadians traveling to the United States, the weak loonie means less spending power, making vacations, shopping, and other expenses more expensive.

The decline in the Canadian dollar is also affecting small businesses that import products or sell to American customers, as tariffs and ongoing trade uncertainty combine with a weaker currency.