USD/CAD has edged higher and last.....>

DOLLAR-CANADA: USD/CAD has edged higher and last sits at C$1.3374 after adding

44 pips yesterday. A lift through the C$1.3400 mark would open up the

C$1.3443-51 region, which capped gains on Mar 28 & 29. Bears eye the cloud top

at C$1.3367, which has limited losses thus far, ahead of the 21-DMA at C$1.3359.

- The pair ticked higher in the Asia-Pac session yesterday, before dipping in

the European hours, having a look below C$1.3300. However, the pair shot higher

upon the release of BoC Senior Loan Officer Survey & Business Outlook Survey,

with the latter providing a degree of disappointment. The headline biz. outlook

index printed at -0.6 vs. the prior 2.2, falling into negative territory for the

first time since Q3 2016. Softer WTI prices and uncertainty re: provincial

election in Alberta (due later today) did not help the loonie minimise losses.

- Most recent polls point to the rightist UCP as the likely winner in the

traditionally conservative, oil-rich Alberta, with the incumbent leftist NDP

lagging behind by 5-7pp.

- Canadian focus turns to domestic CPI and retail sales, due Wednesday and

Thursday respectively.