CAD review

Western Union notes:

The loonie made little headway Friday though it was on track for a week of gains against the greenback. An uptick in oil to above $60 helped the commodity-linked loonie, finding further support in the greenback's generally down week. 

Canada's currency remains on vulnerable ground however with commodity currencies seen vulnerable to New Zealand's earlier than expected move to slash borrowing rates. 

Should America's central bank next week start to prepare markets for a U.S. rate hike at a coming meeting, the loonie would be susceptible to slipping since its central bank isn't expected to lift rates for a while yet.