Lots of eyes on USD/CAD as it continues to creep higher. Last trade at 1.1376, just shy of the October high of 1.1385.

A break would be the best level since July 2009 and undoubtedly spark some stops.

Soft oil prices are hurting the loonie — WTI crude settled below $80 for the first time since June 2012. It fell nearly $1.50 in the last 10 minutes of trading $78.35.