USD/CAD last trades flat at...........>

DOLLAR-CANADA: USD/CAD last trades flat at C$1.3229 after advancing 56 pips

yesterday, as WTI declined after the EIA reported a larger than exp. increase in

U.S. crude stockpiles & production, alongside declines in gasoline & distillate

inventories.

- The rate spiked ~30 pips lower & neared intraday lows on the back of comments

from BoC Governor Poloz, before quickly retracing as he provided some balance.

Poloz reiterated that "the overnight rate must rise from its present 1.75% to a

neutral range," but noted that the "path back to that neutral range is highly

uncertain."

- C$1.3239, which represents the 200-HMA, provides the initial layer of

resistance. A break above would bring the 100-DMA at C$1.3256 into play.

Conversely, bears keep an eye on the nearby 21-DMA, located at the C$1.3218,

before challenging the Feb 13 low of C$1.3196.

- Canadian focus turns to domestic retail sales due later today.