“The exchange rate imbalance between the Canadian dollar and the U.S. dollar has persisted for years”
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Historical exchange-rate data confirm the Canadian dollar has been weaker than the U.S. dollar for most of the past 15 years, supporting Trump's claim of a long-standing imbalance.
Reporting from Anadolu Ajansı (aa.com.tr) and its syndicated republication (usmuslims.com) states that the Canadian dollar has 'historically been weaker than its US counterpart for most of the past 15 years,' with a long-term average around 1.24 CAD per USD and trading mostly between 1.20 and 1.45 since 2015. The only exception was a brief period of parity during the 2007-2012 commodity boom. This supports Trump's claim that the imbalance 'has been that way for years,' though it omits nuance that parity did occur for part of that period, making the claim broadly accurate but slightly overstated in its absoluteness.
Sources
- Aa — aa.com.tr
- Trump criticizes Canadian dollar 'imbalance' as trade tensions intensify — usmuslims.com