USD/CAD last sits at C$1.3394, a......>

DOLLAR-CANADA: USD/CAD last sits at C$1.3394, a touch higher on the day, after

closing almost 30 pips higher Thursday, as commodity-tied FX struggled on

worries re: the prospects of an OPEC+ output deal, which led the pair to session

highs of C$1.3445, before easing back below C$1.3400. 

- BoC Gov. Poloz spoke in the wake of Wednesday's dovish hold, noting that the

policy rate was "appropriate for the time being," a precision that was absent

from the policy statement. And while he repeated the need for rates to rise to a

neutral range of 2.5%-3.5%, he added during a question and answer session that

we won't really know what the neutral rate is "until we are there." Poloz also

pointed to "disappointing" recent econ data, a worry for a "data-dependent"

central bank. That being said, if not for the impact of the energy sector,

Thursday's trade data were more encouraging than the headline number suggested.

- Bulls need a move onto the C$1.34 handle before targeting yesterday's peak.

Bears look to a break below yesterday's lows of C$1.3355 before challenging the

38.2% fibo retracement of the move from C$1.3160 to C$1.3404 at C$1.3311. 

- Canadian labour market report will be released later today.