Rolling coverage of the latest economic and financial news, as Canadian dollar and Mexican peso hit their lowest levels in a month

• China and Canada retaliate after Trump trade tariffs come into effect

The Canadian dollar and the Mexican peso hit their lowest levels in a month after Donald Trump announced new tariffs are kicking in today.

The Canadian dollar weakened to 1.454 to the US dollar on Monday night, its weakest level since 3 February – the day Trump postponed sweeping new US tariffs on goods from Canada and Mexico.