The Canadian dollar was ticked up slightly during the quiet Labor Day holiday trading session after President Donald Trump warned the imbalance between the loonie and the US dollar would end.

In a September 6 Truth Social post, President Donald Trump pointed out the wide gap between the two currencies, calling it “unacceptable.”

“Canada’s (currency) Dollar imbalance with the U.S. is unacceptable,” Trump wrote on the social media platform. “It has been that way for years — but no longer!”

Over the last decade, the loonie has fallen sharply against the greenback, having reached parity before Justin Trudeau became prime minister.

Today, one Canadian dollar is worth about 72 cents, reinforcing the nation’s status as a net exporter. Year-to-date, the loonie is down about 0.6% against the buck.

Additionally, Canada’s trade surplus with the United States was $769 million in July, according to government data.

The two sides have engaged in trade strife since the president’s “Liberation Day” announcement in April 2025.

After Ottawa walked away from trade negotiations last month, the United States confirmed it would impose a 50% tariff on about 5% of Canadian goods entering the United States, including agricultural equipment, pulp and paper, steel, dairy, and other products American companies purchase.

The Canadian government, meanwhile, implemented “dollar-for-dollar” levies on various US exports.

In addition, Trump shared a graphic on Truth Social showcasing the “hidden tricks” that exporting countries use to benefit themselves.

Some of these measures, according to the president, include devaluing their currency, copying US goods, selling products at below market value, and cashing back on shipments.

The USD/CAD currency pair fell 0.16% to 1.3816, from an opening of 1.3838, at 13:12 GMT on Monday. The GBP/CAD was little changed at 1.8702.