Quotes from RBC Capital Markets:
-CAD: Stripping through some auto/oil related noise should show a modest 0.2%m/m rise in real retail sales for December, according to our Canadian economists. Whilst down from November's pace, this should nonetheless paint a modestly positive picture of Q4 real household consumption.
-USD/CAD has drifted back to 1.2480 overnight, with March WTI futures up to $51.60. BoC Deputy Governor Côté delivered a balanced speech overnight which gave some colour around the recent "insurance" cut. The March 4 decision "will be based on a careful examination of how the economy, and the risks, are evolving."