The corrective dip in the Canadian appears to have run its course, but one might simplyexpect a lack of downside pressure, instead of a recovery in the Canadian. Cushioning the Canadian against acontinuation of the January downdraft is fresh hope that Canadian inflation might have turned the corner with twomonths of stronger inflation results. In conclusion, discounting fears of deflation might be cause to reduce theselling pressure on the Canadian, but until Canadian data shows some life, the Canadian might be resigned totrack in a range of 90.00 to 89.00.
