USD/CAD appears to be in the midst of a broader correction as it takes out the December low (1.2606), and the exchange rate may continue to give back the advance from the October low (1.2288) as fresh data prints coming out of the US are anticipated to show a slowdown in economic activity. The US Retail Sales report is anticipated to show household spending holding flat in December, while the U. of Michigan Confidence survey is expected to reflect a downtick in consumer sentiment, and a batch of dismal data prints may keep USD/CAD under pressure as it encourages the Federal Reserve to delay normalizing monetary ... (full story)