CAD review: Western Union

Quotes from Western Union:

- The loonie has been the beneficiary of an improved sentiment shift as it rose in defiance of an otherwise stronger U.S. currency. 

- The Bank of Canada held its key interest rate steady at 0.75 percent this week while its fairly upbeat assessment of the recovery helped douse expectations of another rate cut anytime soon. 

- But even a steady rate outlook for Canada isn't likely to translate into meaningful support for the loonie, especially if America's jobs report Friday should top forecasts and put a mid-year rate hike more firmly on the table.