USD/CAD finally coming lower...

Loonie rebounded further from sub-1.3200 troughs to 1.3140+ peaks following a relatively in depth update on the BoC’s monetary policy review from assistant Governor Wilkins. In short, alternative frameworks under consideration include average inflation targeting (AIT), price level targeting, an employment mandate and nominal GDP targeting, while the Bank is also considering raising the 2% inflation target, but notes that the current 2% goal makes it simple to see if the BoC has done its job or not.

The greenback is certainly continuing with weakness.

Short USD/CAD...