• The Canadian Dollar found little reason to move at the outset of the new trading week.
• Despite a soft start, plenty of key events loom in the week ahead.
• The BoC is expected to cut rates again, and US NFP jobs data lurks on Friday.

The Canadian Dollar (CAD) pulled into the midrange on Monday, kicking off the new trading week with a notable lack of momentum. Canadian and US markets are both dark for the Labor Day holiday, but key calendar events for both will keep USD/CAD traders close to their terminals.

The Bank of Canada (BoC) is set to deliver another rate decision this week, and markets are broadly anticipating another quarter-point trim. On the US side of the data docket, US Purchasing Managers Index (PMI) figures are dotted throughout the week, with the economic calendar slated to culminate in another fresh round of US Nonfarm Payrolls figures.