USD/CAD has climbed 17 pips and.......>

DOLLAR-CANADA: USD/CAD has climbed 17 pips and last deals at C$1.3340, as a

combination of factors have dragged CAD to the bottom of the G10 pile. Bulls eye

the 21-DMA at C$1.3356, while bears look for a breach of the 50-DMA at C$1.3308.

- WTI last trades $0.40 lower, with the move spilling over into CAD.

- Tuesday will bring the regional election in the oil-rich Alberta province,

which may be an early indicator ahead of October's federal election. Political

uncertainty re: Alberta's poll may be weighing on CAD somewhat.

- On Saturday, BoC Gov Poloz said that whether the BoC will continue with rate

hikes is a "data-dependent question." This came after Friday had seen Canadian

FinMin Morneau call the past hikes "positive and appropriate steps."

- Also on Friday, Morneau told the NYT that the U.S. appears unwilling to remove

tariffs on Canadian steel and aluminium, which may affect the ratification of

the USMCA trade deal by Ottawa.

- USD/CAD fell 60 pips Friday, pressured by USD weakness & firmer oil prices.

- Canadian CPI is due Weds, while retail sales hit on Thurs. Later today, the

BoC will release its Senior Loan Officer Survey & Business Outlook Survey.