• The Canadian Dollar was soft-footed to kick off Monday trading.
• Canada is drastically underrepresented on the economic calendar this week.
• US inflation data updates are the key to the week’s market sentiment.

The Canadian Dollar (CAD) struggled to find direction on Monday, easing against most of its major currency peers and middling against the Greenback on the charts. The CAD is holding steady at the top end of a swing high against the USD, but markets are huddling in the midrange as investors await the latest batch of US inflation figures due in the midweek.

Canada has a strictly low-tier showing on the economic calendar this week, leaving the Canadian Dollar at the mercy of overall market sentiment. Investors are still grappling with how the Federal Reserve’s (Fed) upcoming rate call in September will shake out, but rate markets are firmly gripping onto expectations of at least a quarter-point trim on September 18.