• Canada's loonie traded just off its strongest in three weeks against the greenback. A better week so far for oil and further struggles for the U.S. currency have helped move the loonie into a stronger trading range. 
  
  
• With little Canadian data to consider this week, all the attention on the greenback and oil can mask the loonie's shaky fundamentals and sources of weakness such as elevated unemployment at 6.8% and lackluster consumer spending, factors that keep the risk of a BOC rate cut alive.