• The Canadian Dollar went nowhere fast, straining against familiar lows.
• Canada is thinly-represented on the economic calendar this week.
• Key US CPI inflation data this week will dominate market flows.

The Canadian Dollar (CAD) is tepid to kick off a new trading week, circling familiar lows against the Greenback as the USD/CAD chart settles into a congestion pattern. A lack of meaningful momentum behind the Loonie has left the Canadian Dollar in the lurch, struggling to hold onto territory at the top end of a long-term consolidation pattern.

Canada is drastically under-represented on the economic calendar this week, with only low-tier data on the offering. Canadian markets are still shuttered for the Remembrance Day holiday, giving Canadian institutions a long weekend. CAD markets will return to the fold on Tuesday, with little of note on the data docket to make much fuss about.