Oil up nearly 4% but loonie on the floor
The Canadian dollar has been under constant pressure despite a steady rise in oil prices today. Paradoxically, even is oil prices have continued to rise, the loonie has fallen.
Today may mark the third consecutive day where USD/CAD attempted a slide only to reverse and finish near the highs of the day.
The next driver will be a speech from Poloz at the bottom of the hour (2:30 pm ET)
