CAD review

A steady loonie kept toward the middle of its recent range against the greenback, with its upside capped by expectations for the Fed to boost rates but its downside limited by lower odds of a Bank of Canada rate cut in the wake of last week's better employment report. 

The next impactful event for USDCAD will be the Bank of Canada rate decision on Wednesday. No change to its 0.75% base rate is expected but markets will listen closely to bankers' statement for keys to the policy outlook.