USD/CAD Trading Higher, Focus on BOC Meeting

USD/CAD is trading at 1.3160, up 0.0020. The pair is trading a little higher early Monday morning. Market chatter about weekend headline news and Bank of Canada monetary policy is making the rounds. The Bank of Canada (BOC) meets on Wednesday and will announce if there is any change in monetary policy. Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins are scheduled to hold a press conference following the bank's interest rate decision and release of its monetary policy report.