The Canadian dollar is playing catch-up with its commodity cousins today. The US consumption data is especially good for Canadian exporters and USD/CAD fell as low as 0.9747. A break below 0.9742 would point to a move back to 0.9600.
The trade here might be to take the other side. The pattern from recent Mondays in the stock market has been to open much higher and drift down throughout the day.
