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USD/CAD has slipped 10 pips and.......>

DOLLAR-CANADA: USD/CAD has slipped 10 pips and last deals at C$1.3374.
- On Friday the pair advanced 25 pips, with price action largely driven by the
broader greenback strength. Simultaneous release of Canadian & U.S. labour mkt
data kept the pair buoyant, as the headline U.S. figure topped exp. (even as
breakdown data was mixed), while Canadian change in employment printed at -7.2k
vs. exp. of +6.0k.
- Worth highlighting the political crisis surrounding the SNC-Lavalin affair
continues to unfold, as over the weekend Canada's opposition leader Scheer said
that PM Trudeau had threatened him with a defamation case over his comments re:
the Lavalin scandal.
- Bears look for a fall through the nearby cloud top & 200-HMA at C$1.3367,
which would open up Friday's low of C$1.3349. Meanwhile, bulls look for a lift
through the C$1.3400 mark, which capped gains on Mar 21.
- Canadian housing starts and building permits come out later today.

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