According to CoinMeta, the Canadian dollar fell due to the breakdown in trade negotiations between the United States and Canada. After the negotiations failed last Friday, new tariffs imposed by the U.S. on Canada took effect over the weekend, and Canada stated that it would implement reciprocal tariffs in response. Chris Turner, a Dutch international strategist, pointed out in a report that as a smaller and more open economy, Canada faced greater losses in this incident. However, it seems that Canadian Prime Minister Justin Trudeau has opened the door to implementing more fiscal stimulus measures to support affected businesses.