CAD review: Western Union

Quotes from Western Union:

- The loonie swung from gains to losses against the greenback after U.S. hiring proved much stronger than expected while Canada posted its fourth trade gap in the last five months. And the latest trade gap was a big one: -C$2.45 billion in January, more than double forecasts of a C$1 billion deficit. 

- The slide in oil was the main factor behind Canada's big deterioration in its trade position. The failure so far for exports to help spur a healthier recovery suggests that a rate cut may still be on the table for the Bank of Canada.