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Fortune
Fortune
Greg McKenna

YOU WONT BELIEVE: Canadian dollar slumps as trudeau s government teeters on collapse - You Need To See This

A close-up of Justin Trudeau and Donald Trump talking. (Credit: Dan Kitwood—Getty Images)

Donald Trump is celebrating the likely departure of a nemesis from north of the border. This week, Canadian Prime Minister Justin Trudeau is facing calls from within his own party to step down after the sudden resignation of finance minister Chrystia Freeland. The crisis is also adding to the pressure on the country's struggling currency.

Also known as the Loonie, the Canadian dollar traded above the threshold of 1.43 per U.S. dollar, or 0.70 U.S. cents per Canadian dollar, on Tuesday, its weakest intraday level since the start of the pandemic in March 2020.

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