USD/CAD is range-bound between 1.3622 and 1.37 today after shedding 53 pips and closing at 1.37 Friday.
Meanwhile, Canada RMPI (MoM) (Nov) released today at 13:30 UTC with a figure of -0.8, while the previous figure was 1.3.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: GBP/NZD is up 0.47%. GBP/USD added 0.34% to its value, now trading at 1.2181. AUD/USD rises 0.45% to trade around 0.6719.
Some optimism can drawn from the fact that Canada Core Retail Sales is projected to outperform its last figure with 1.5%. It previously stood at -0.7%; data will be released tomorrow at 13:30 UTC.
Furthermore, Canada Retail Sales is projected to outperform its last figure with 1.4%. It previously stood at -0.5%; data will be released tomorrow at 13:30 UTC. United States Building Permits (Nov) is scheduled for tomorrow at 13:30 UTC.
As things stand, US Dollar-Canadian Dollar is 21% away from a significant low of 1.1321 first set a month ago.