USD/CAD Steady After Data

The USD/CAD is trading steady Friday at 1.2702, up 0.0002. Trading is range-bound for the pair. Canadian January retail sales were down -1.7 percent, less than some market talk at down 0.8 percent was expecting. The December level was down 1.8 percent. Sales volumes were down -1.2 percent, same as December. February Canadian CPI came in at +0.9 percent on the month and chatter had it better than expected +0.7 percent, the best gain since February of 2013. The year-over-year data was +1.0 percent, as expected. Core CPI was +0.6 percent on the month, as expected. Core CPI was up 2.1 percent on the year, as expected.