The Canadian dollar certainly sees volatility. The move lower in CAD (higher in USD/CAD) was reversed quite quickly as data impacts the pair quite strongly.
At first, Canada reported a bigger than expected trade deficit of 3 billion. This hurt the loonie which hot higher to 1.2508. This was also helped by a smaller trade deficit in the US and an OK ADP NFP. Yet this didn’t last too long.
Read the rest of the article USD/CAD reverses rise on another fall in inventories, weak USD