USD/CAD last seen at C$1.3212,........>

DOLLAR-CANADA: USD/CAD last seen at C$1.3212, little changed. Bulls look to the

38.2% retracement of the YtD range at C$1.3226; bears target the C$1.3200 mark.

- The pair was sold in yesterday's Tokyo trade amid reassuring signals re:

Sino-U.S. trade relations, but a degree of recovery was seen into Europe.

Subsequent attempts to interpret the latest ECB MonPol decision and conflicting

reports on whether the U.S. is willing to strike an interim trade deal with

China prompted USD/CAD to whipsaw. The general tone, however, remained bullish,

as the loonie suffered woes from softening WTI prices.

- As a reminder, OPEC+ urged its members yesterday to respect their commitments

to curb output amid worries that worsening global outlook may produce a market

surplus. Meanwhile, the IEA cast doubt on the organization's ability to manage

global production amid swelling supply from competitors. The IEA also

anticipated that the oil market will return to a "daunting" surplus next year.

- Canadian PM Trudeau pledged to introduce a housing speculation tax for

non-residents in order to tackle the issue of accommodation affordability. The

PM spoke at a campaign stop ahead of the Oct 21 federal election.