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Canadian Dollar Weakens as US Dollar Strength Continues

Guavy AI Editorial Team
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USD CAD
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The Canadian dollar weakened on Monday, influenced by strong US dollar performance globally.

The CAD settled at $0.7190 or $1=C$1.3909, marking a decrease from Friday's close of $0.7212 or $1=C$1.3866.

Canada's Consumer Price Index rose 3.0% in August year-over-year, matching the previous month's reading, as reported by Statistics Canada. A slowdown in rising gasoline prices was offset by higher prices for travel tours and rent.

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