Canadian leaders respond to Trump's tariff threat as dollar falls to lowest since 2020

Canadian leaders are reacting to Donald Trump's threat to impose a 25% tariff on goods from Canada and Mexico. Trump claims this is necessary to address drug trafficking and illegal immigration. The Canadian dollar has fallen to its lowest level since 2020 following the announcement. Prime Minister Justin Trudeau plans to meet with provincial leaders to discuss the situation. Ontario Premier Doug Ford criticized Trump's threat as "insulting" but acknowledged concerns about border security. Other leaders, including Conservative Leader Pierre Poilievre, called for a strong response but differed on strategies. Trudeau emphasized a calm and methodical approach, stating that Canada will engage constructively with the incoming U.S. administration. He noted the importance of maintaining strong ties between the two countries while preparing for potential challenges ahead.