Tentatively higher from an earlier low of 1.4355, EUR/CAD is up to 1.4374 today, adding 8 pips, or 0.06%, to yesterday's closing price of 1.4366.
At the same time, Canada Building Permits came out at 14.1%, while a consensus of analysts was expecting -0.1%. Euro Zone's Unemployment Rate published yesterday at 10:00 UTC came out at 6.5. The fresh reading lived up to analyst expectations as well as matching the previous month's figure. Data for Germany Industrial Production published yesterday at 07:00 UTC came out at 0.2%, beating projections of 0.1% and showing improvement over the preceding figure of -0.4%.
Other currencies are also rising as USD/CHF gained 0.47% and is now trading at 0.925.
While EUR/CAD is up today, these currencies are lagging behind: GBP/USD closed at 1.2116 (down 0.57%). AUD/USD is trading around 0.6864 (down 50 pips).
Furthermore, the market is looking at Germany 10-Year Bund Auction is expected tomorrow at 10:30 UTC.
The past 3 months have been positive for EUR/CAD as it added 7.35% compared to its 3-month low of 1.2895.