• Canada's dollar neared three-week peaks below C$1.25, helped by the greenback's bleeding of more of its recent gains, and an uptick in the price of oil to nearly $48. 
  
  
• With little local data to consider this week, the loonie has had to look to factors abroad for direction. With the loonie's movements largely a byproduct of the greenback's behavior, the northern dollar could be in line for another gain should U.S. data today on inflation and housing do little to allay worries about receding economic momentum south of the border.