1. CAD is strongly correlated with oil price, which bias is on long side (long-term);
2. The shows global growth which is going to broaden and continue;
3. in US will probably affect on canadian economy and future path of canadian rates;
4. Bank of Japan is on negative side with negative tendency (very low still drives QQE);
5. Swap is on positive side.
Always invest consicously. The price can do anything at any time.