USD/CAD last C$1.3113, unchanged on...>

DOLLAR-CANADA: USD/CAD last C$1.3113, unchanged on the day, sticking to a ~20

pip range in Asia-Pac dealing.

- CAD continued to come under pressure on Wednesday, on the back of declining

oil prices as WTI hit fresh multi-month lows yet again, with crude pressured by

signals pointing towards a boost in global supply, as FT sources claimed that

Russia is planning to increase output if it can't strike a deal with Saudi & the

EIA reported a larger than exp. build in U.S. crude oil inventories. It is worth

noting that OPEC+ producers will meet this weekend, with a discussion of

potential 2019 output cuts reportedly on the agenda.

- Bulls continue to eye yesterday's highs at C$1.3159. A break above would open

up the Nov 1/Oct 31 high at C$1.3169/70. Meanwhile, bears focus on the key

C$1.3100 level, as a break below would open up the 100-DMA at C$1.3072.

- Points of note today include mid-level Canadian housing mkt data.