USD/CAD last seen at C$1.3451, a......>

DOLLAR-CANADA: USD/CAD last seen at C$1.3451, a touch lower on the day, after

closing 12 pips higher Thursday. The pair ebbed lower in the European morning,

as stronger WTI aided CAD, but bounced from worst levels, as BoC Dep Gov

Patterson said that the BoC needs more time, in what she called a longer detour

than expected, before the Bank's policy rate should change.

- Canadian PM Trudeau held a press conference today, addressing the SNC-Lavalin

scandal. He admitted that the political crisis triggered an "erosion of trust,"

but denied that there ever was any inappropriate pressure on the then-AG

Wilson-Raybould.

- Bears target the upper 1.0% 10-DMA envelope at C$1.3431 before challenging the

cloud top at C$1.3392. Conversely, bulls look for a break above the upper

Bollinger band (2%) at C$1.3461, which would allow them to set their sights on

the Jan 4 high of C$1.3496.

- Canadian labour mkt data comes out later today.