USD/CAD last deals at C$1.3376, 7.....>

DOLLAR-CANADA: USD/CAD last deals at C$1.3376, 7 pips worse off.

- The rate jumped 64 pips yesterday, as softer WTI prices and data-inspired

greenback strength conspired against it. Crude oil posted its largest daily

decline since the beginning of March, U.S. PPI topped expectations, while U.S.

jobless claims dropped to the lowest levels since Oct 1969.

- Bulls look for a clean breach of the psychological C$1.3400 level, after

having a look above the level on Apr 5 and peaking just a handful of pips shy of

it yesterday. Above here opens the upper Bollinger band (3%) at C$1.3440. On the

downside, initial focus falls on the cloud top at C$1.3367 and a fall below

would expose the 21-DMA at C$1.3358.

- BoC Dep Gov Timothy Lane will speak on a panel at the IMF later today.