Canadian Dollar (CAD)

The Canadian Dollar gained modestly versus the Dollar as Crude prices remained almost unchanged and ECB's rate decision caused the Canadian Dollar to erase most of its gains. Overall, USD/CAD traded with a low of 1.0965 and with a high of 1.1072. Today, the Employment Change is expected at -20K versus -44.5K previously. The Unemployment Rate is expected to rise from 8.6% to 8.7%. The Ivey PMI that measures the activity level of purchasing managers in Canada is expected better at 54.3 vs. 51.8 prior.