The Canadian dollar weakened against the U.S. dollar on [Day, Date], trading at [exchange rate] per U.S. dollar as of [time], down [percentage] from the previous session. Ongoing trade tensions involving the United States and Canada are increasing uncertainty for export-driven sectors, while the commodity-dependent economy remains exposed to weaker demand for oil and other resources. West Texas Intermediate (WTI) crude was around [price] on [date], reflecting cautious market sentiment. The USD/CAD exchange rate is also being influenced by expectations that the Federal Reserve will keep interest rates elevated to combat inflation, while the Bank of Canada takes a more cautious approach. The CME FedWatch Tool puts the probability of a rate hike at the next FOMC meeting in [month] at [percentage]. A weaker loonie can raise prices for imported goods and overseas travel, although exporters may benefit while companies dependent on imported inputs face higher costs. The near-term outlook remains tied to global trade developments, commodity prices and central-bank decisions.