Forex Flash: CAD drivers remain supportive, but domestic risk high - Scotiabank

FXstreet.com (Córdoba) - Although CAD is virtually unchanged from yesterday's close, domestically-driven risk is high as local markets open for a shortened trading week, according to Eric Theoret, Currency Strategist at Scotiabank. "Key events include today's provincial election in Quebec, Wednesday's BoC rate announcement, and Friday's employment release".

"CAD remains close to its three month high despite the risk", the analyst comments, while in terms of CAD drivers, they remain supportive. "We expect today's range in USDCAD to fall between 0.9834 and 0.9870".