USD/CAD lower

USD/CAD is trading lower Thursday at mid-day. The pair is trading at 1.2693, down 0.046. Market chatter about Canadian data and U.S. data released Thursday has led to range-bound trade lower trading with a wide range. Canada's Fourth Quarter Capacity utilization rate was up 0.4% to 83.6%. The levels was highest since early 2006 as Oil and Gas companies increased volumes. January's New Housing Price Index was down -0.1% month over month and was the first decline since middle of 2010. U.S. Retail sales pressured the pair early during the session. Crude Oil prices have had little impact on trading today.