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The U.S. and Canada's cross-border trade ties face scrutiny as a new tariff regime impacts industrial sectors sensitive to trade flows. Analysts anticipate the February U.S. jobs report will show a slight rise in unemployment to 4.4%, reflecting vulnerabilities in trade-exposed industries. The focus on labor market stability highlights potential ripple effects on global forex markets, particularly USD strength. Investors are monitoring how trade policy shifts could influence industrial production and energy demand.
