The Globe and Mail reports in its Monday edition that the re-election of Donald Trump has supercharged the U.S. dollar, sending Canada's currency exchange rate to a four-year low against the greenback. The Globe's Mark Rendell writes that this is good news for Canadian exporters but bad news for consumers of American goods. The loonie has fallen around 2 per cent against the U.S. dollar since the election and around 4 per cent since September, when financial markets began leaning into the "Trump trade." It is now trading near 71 U.S. cents, down from 74 U.S. cents in late summer. The recent exchange-rate move is largely a story of U.S. dollar strength, and Canada's currency has held up better than other major currencies, including the euro and Japanese yen, which have been clobbered since Mr. Trump's re-election Nov. 5. Meanwhile, his "drill, baby, drill" approach to energy production could put downward pressure on oil prices, further weighing on commodity-oriented currencies such as the Canadian dollar. "The tariffs plus the deregulation and the stimulus and the pro-growth policies come in first and those things kind of make the rest of the world weaker," said TD foreign-exchange strategist Mark McCormick.