USD/CAD has pared earlier losses as...>

DOLLAR-CANADA: USD/CAD has pared earlier losses as WTI failed to hold onto its

initial gains, registered on the back of a decision of OPEC+ to extend its

production-cut deal by one month & Saudi Arabia's sizeable crude price hikes.

The loonie underperforms in the G10 basket as we type, amid a slow unwinding of

earlier risk-on moves.

- As a reminder, PM Trudeau said Friday that the gov't "is willing to contribute

C$14bn more" for transfers to provinces to support the process of economic

re-opening.

- USD/CAD changes hands +6 pips at C$1.3428. Bulls look to return above the

200-DMA at C$1.3464, breached on Friday. This would expose the high of Jun 2 at

C$1.3585. Bears look for a fall below Friday's trough at C$1.3392 before taking

aim at Mar 3 low of C$1.3380.

- Canada's economic calendar for this week includes housing starts (today).