NAFTA talks are set to begin today, stretching to 29 January

It's going to be a bit of a long one, so expect bits and pieces throughout the week. The initial date of talks were for 23 January to 28 January, but it seems like trade negotiators feel that they need an extra day for the sixth round of talks.

The Bank of Canada has said that they are concerned about NAFTA talks after its decision to raise rates last week, and since then it has cast a big shadow on the loonie. USD/CAD has pretty much traded sideways and is trapped between 1.2400 - 1.2500 since then: