Slightly off session highs of 1.2835, now trading at 1.2826
I highlighted the possibility of this move here yesterday.
With oil seemingly jittery ahead of the outcome of the OPEC meeting, that's putting a drag on the loonie. It's the worst performing currency among the major bloc so far today.
And that's also not helped by a further build in crude inventories showing in yesterday's private survey.
Again, the key risk to the CAD side of the equation is the OPEC meeting this week. While tax reform talks will surely be the dominant factor that'll drive the dollar movement in the coming days/week. So, be on the look out for that.
