Talk of a higher inflation target for the BOC seems to have undermined the Canadian and that in turn could set the stage for a retest of near term up trend channel support down at 87.97. However, unlessthe US Dollar falters or US housing data is weaker than expected, a slide in the Canadian down to moresignificant support of 87.71 might be possible. The fate of the Canadian sits mostly with the ebb and flow of theUS Dollar.
