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The Canadian dollar has enjoyed a stellar run this year against the U.S. dollar, but the currency may be approaching its limits, according to a new note by CIBC World Markets Inc.

“We could see another brief foray below 1.25 on dollar- Canada, but in terms of anything sustainable, the best days for Canada’s currency will soon be behind us, “ CIBC analysts wrote in a note to clients Wednesday.

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The Canadian dollar wobbled overnight to 1.2575 against the greenback, after U.S. President Donald Trump said he will ‘probably’ cancel the North American Free Trade Agreement which his administration is currently re-negotiating with Canada and Mexico.

“Because we have been so badly taken advantage of. They have made such great deals — both of the countries, but in particular Mexico — that I don’t think we can make a deal,” the U.S. President said during a rally in Arizona on Tuesday night.

“So I think we’ll end up probably terminating NAFTA at some point.”