USD/CAD last trades at C$1.3358.......>

DOLLAR-CANADA: USD/CAD last trades at C$1.3358. The pair has added 8 pips thus

far, even as WTI sits ~$0.30 higher.

- CAD finished as the best G10 performer yesterday, as stronger energy complex

boosted the currency, allowing USD/CAD to close 17 pips lower. This occurred

although the rate had edged higher in the Asia-Pac session, as the loonie had

continued to come under pressure from Monday's disappointing BoC Business

Outlook Survey & political uncertainty re: Alberta's provincial election.

- That being said, Alberta polls are about to close in two hours' time, with

opinion surveys pointing to the likely victory of the conservative UCP. The

results will be watched in the context of October's federal election, since part

of the UCP's campaign was based on criticisms of PM Trudeau's gov't.

- A lift through the cloud top at C$1.3367, briefly breached today, would open

up yesterday's high of C$1.3403. Conversely, bears look for a retreat towards

the 100-DMA at C$1.3335.

- Canadian CPI comes out later today, while Thursday will see the release of

Canadian retail sales.