USD/CAD sits at C$1.3279, virtually...>

DOLLAR-CANADA: USD/CAD sits at C$1.3279, virtually unchanged on the day, after

round tripping from the session low at C$1.3267. This came as WTI added ~$0.60

overnight. 

- Worth noting BBG sources said Canada's decision whether to ban Huawei from its

5G network is still "at least months away" after China's ambassador warned

Ottawa against potential consequences of targeting the Chinese tech giant. As a

reminder, Sino-Canadian relations remain strained after the arrest of Huawei CFO

Meng in Vancouver. 

- Key levels remain in play, with bulls still focused on C$1.3319, which capped

gains yesterday. A move through that level would open up the 50-DMA at C$1.3357.

On the downside, bears target C$1.3249, which represents yesterday's low, ahead

of the Jan 16 low of C$1.3235. 

- Canadian focus today turns to domestic CPI, while retail sales due Wednesday,

headlines next week's docket.