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flag Canadian dollar weakens slightly against USD, influenced by oil prices and economic forecasts.

flag The Canadian dollar (CAD) weakened slightly against the U.S. dollar (USD) on the first trading day of 2025 but held up better than other major currencies. flag The CAD's performance was supported by rising oil prices and positive Canadian manufacturing data, though it remains under pressure due to expectations of stronger U.S. economic growth and the potential for U.S. tariffs on Canadian goods. flag The USD/CAD pair is trading near 1.44, with the CAD facing challenges from higher USD strength and domestic political uncertainty.

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