Canadian Dollar finds room on high side as data-driven markets await US PMI print.
Canada data remains limited until Wednesday's CAD Retail Sales.
Tuesday's US PMIs expected to show a slight uptick in activity.
The Canadian Dollar (CAD) is moderately higher on Monday, trading into the green against most of its major currency peers. Monday's thin economic calendar leaves both the Canadian Dollar and the US Dollar (USD) adrift as investors await meaningful data.
Canada brought strictly low-tier data to the table on Monday with an uptick in the Raw Materials Price Index. At the same time, Industrial Product Prices met expectations, printing higher but less than the previous figure. The Canadian New Home Price Index flattened in March, missing forecasts while retreating slightly from the same period last year.
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