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TORONTO, Nov 13 - The Canadian dollar weakened to a 4-1/2-year low against its U.S. counterpart on Wednesday as investors weighed U.S. inflation data and the prospect of a wider divergence in economic growth between America and Canada.
That could result in fewer interest rate cuts from the Federal Reserve next year, supportive of the U.S. dollar , opens new tab which advanced to a one-year high against a basket of major currencies. The Bank of Canada expects the Canadian economy to grow 1.2% this year compared to 2.8% in the United States.
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