# Canadian dollar hits 5-year low as oil tariff decision looms

> The Canadian dollar fell to its weakest level since March 2020 at 1.4592 per U.S. dollar as Trump repeated tariff threats on Canada and Mexico. Trump said he would decide by day's end whether to impose a 25% tariff on Canadian and Mexican oil. The Mexican peso fell 1.1% to 20.7260 per U.S. dollar.

- Date: 2025-01-30 · published 2025-01-30T12:00:00.000Z
- Category: trade · region Canada/Mexico · magnitude medium
- Page: https://feedsoft.ai/events/26759-canadian-dollar-hits-5-year-low-as-oil-tariff-decision-looms
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Possible tariffs on Canadian and Mexican oil would affect energy costs and freight, which feed through to ag transport and processing margins. The currency moves signal growing trade-disruption risk for North American feed and grain flows.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-30 | [Mexican Peso dives as Trump tariffs comments boost US Dollar](https://feedsoft.ai/events/26724-mexican-peso-dives-as-trump-tariffs-comments-boost-us-dollar.md) | -2.1% | -3.2% |
| WTI | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +2.4% | +6.2% |
| WTI | 2025-01-30 | [Trump Slaps 25% Tariffs On Canada, Mexico: Loonie, Peso Slide, Oil Climbs - Invesco CurrencyShares Canadi - Benzinga](https://feedsoft.ai/events/26760-trump-slaps-25-tariffs-on-canada-mexico-loonie-peso-slide-oil-climbs-invesco.md) | -2.1% | -3.2% |
| WTI | 2025-05-13 | [Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook \| Reuters](https://feedsoft.ai/events/24842-crude-oil-climbs-more-than-1-60-a-barrel-on-tariff-cuts-economic-outlook-reuters.md) | +1.1% | +4.1% |
| WTI | 2019-01-02 | [Oil prices rise sharply, bouncing off session low](https://feedsoft.ai/events/10832-oil-prices-rise-sharply-bouncing-off-session-low.md) | +9.7% | +17.5% |

## Sources

- ca.finance.yahoo.com: https://ca.finance.yahoo.com/news/canada-fx-debt-canadian-dollar-140256062.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.