USD/CAD Trading Higher, Focus On BOC

USD/CAD is trading at 1.3113, up 0.0027. The pair is trading rangebound and a little higher on the session. Market chatter about weekend global headline news and the Bank of Canada (BOC) monetary policy is making the rounds. Statistics Canada is scheduled to release Canada's industrial producer prices (IPPI) Tuesday at 8:30 a.m. ET. The Bank of Canada (BOC) meets on Wednesday March 1st and will announce at 10:00 a.m. ET. if there is any change to monetary policy.