The USD/CAD fell to 1.3350 (Loonie appreciation) yesterday morning. This was as a result of a weak US dollar and the WSJ reporting that China is going to rethink its "Made In China 2025" policy, which means that it may open it's markets to foreign companies in a move to help resolve trade tensions with the US.
On the release front, the new housing price index month to month and year to year came in at 0 percent and 0.1 percent respectively, as expected in both cases. More significant numbers than expected are good for the Loonie, because it is a leading indicator of the housing industry's health. Rising house prices attract investors and spur industry activity. Today's data is pushing the USD/CAD higher (weaker Loonie) however, because there was not a positive surprise. The US/CAD pair is trading at 1.3378, up 0.20 percent.