USD/CAD last deals unchanged at.......>

DOLLAR-CANADA: USD/CAD last deals unchanged at C$1.3100.

- Friday's disappointing headline Canadian CPI & retail sales data allowed the

rate to close above the key C$1.3066/68 region (100-DMA and 38.2% retracement

from 2016 highs to 2017 lows).

- USD/CAD held above this level Monday and traded in a tight range, as CA

wholesale trade data failed to give any real impetus.

- Bulls now eye a close above Friday's high (C$1.3132), while bears need to

break the 50-DMA/61.8% retracement (C$1.3015/13) to regain control.

- Wednesday's BOC decision provides the highlight of the domestic calendar this

week. With a 25bp hike baked into markets, focus is likely to fall on the

communique employed by BOC Gov. Poloz & Senior Deputy Gov. Wilkins. Focal points

will likely include the USMCA, the upbeat quarterly BOC Business Outlook Survey,

the recent moderation in headline inflation & the output gap. As a reminder

Wilkins has previously highlighted that the BOC debated dropping its "gradual

approach to" to rate hikes in September.