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Context from Wikipedia on the organisations, people and places in this story.
Currency of Canada
The Canadian dollar is the official currency of Canada. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other currencies, particularly the US dollar.
More on Wikipedia ↗
Currency of the United States
The United States dollar is the official currency of the United States (U.S.) and several other countries. The U.S. Coinage Act of 1792 established the dollar as the base unit, with each dollar divided into 100 cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.
More on Wikipedia ↗The USD/CAD pair gathers strength to near 1.4275 during the early European trading hours on Tuesday. Falling crude oil prices drag the commodity-linked Canadian Dollar (CAD) lower against the US Dollar (USD). Canada’s Ivey Purchasing Managers Index (PMI) data is due later on Tuesday.