The Canadian dollar and Mexican peso fell to one-month lows after U.S. President Donald Trump levied steep tariffs on the countries, although a fall in the U.S. dollar on the back of weak economic data limited the broader impact on Tuesday.

A significant impact on Canada's foreign investment inflows could potentially compromise economic growth, creating a bearish outlook for the loonie”

The Canadian dollar and the Mexican peso fell to their lowest levels in a month on Tuesday as trade war fears became a reality after U.S. President Donald Trump followed through on his tariff threats against Canada,