USD/CAD Gains Erode, Canadian Capacity Utilization Improves

USD/CAD is trading at 1.3511, up 0.0022. The pair is trading choppy and has edged down from the session highs. Chatter about comments from policy makers is making the rounds. Statistics Canada released today showed Canadian capacity utilization during the fourth quarter rose to 82.2 percent versus 81.6 percent in the third quarter.