The loonie was firm below C$1.25 ahead of a crucial week for the Canadian economy. A weaker greenback and firmer oil prices above $50 helped the loonie hold near its strongest level in more than a week.
How the loonie fares this week should hinge on key a key business PMI due today at 10 a.m. ET and Friday's critical Canadian jobs report. This week's data should go some way in shaping expectations for the Bank of Canada's coming meeting on April 15.