USD/CAD is trading at 1.3040, down 0.0002. The Canada Mortgage and Housing Corporation is scheduled release September Housing Starts Thursday morning at 08:15 AM.

The pair has recovered most of the early session losses and is trading a little under the highs of the session. Market talk about Crude Oil prices, economic data and global headline news has kept both buyers and sellers active. Statistics Canada is scheduled to release its August Housing Price Index at 08:30 AM ET tomorrow.