USD/CAD Higher

The USD/CAD is trading higher at 1.2445 late Monday. The USD/CAD pair set new multi-year highs overseas early Monday. The pair drifted back towards unchanged during U.S. trading as traders squared positions ahead of the historic blizzard on the east coast. The USD/CAD pair has moved back up a bit as energy prices have drifted back down and supported the U.S. dollar against it's Canadian neighbor.