{video} The loonie has traded sideways lately, as support from a rally in oil prices was offset by growing speculation for rate cuts by the Bank of Canada (BoC). In this context, the inflation data due on Wednesday and the retail sales figures on Thursday could be pivotal for the currency. Overall, downside risks have intensified, so the BoC could strike a more cautious tone when it meets again next week. The Canadian currency has been consolidating in recent weeks, trading in a narrow range against its US counterpart, even despite continued gains in oil prices. Canada is a major producer and exporter of oil, so its ... (full story)