USD/CAD awaiting BoC Gov. Poloz speech - Scotiabank

Analysts at Scotiabank explained that domestic rate expectations are recovering modestly and spreads are steady around the midpoint of their recent range. 

Key Quotes:

"Domestic risk is limited ahead of Thursday’s speech from BoC Gov. Poloz, on the topic of ‘Issues keeping the Governor awake at night’. NAFTA negotiations are scheduled to continue through Friday and near-term risk centers on Wednesday’s Fed meeting. The balance of risk appears to favor continued consolidation."