The top performer among major currencies has been the Canadian dollar where recent strong hints from Senior Deputy BoC Governor Carolyn Wilkins that the Bank of Canada is shifting to a ‘tightening bias’ given signs of an improving economy continues to resonate with markets. The Canadian dollar is up 0.50%, the Loonie also getting some boost during a session from oil prices that were bid higher, continuing the modicum of support seen through the European session yesterday. USD/CAD is trading at around 1.3220 in early trade this morning. That is nearly two big figures lower than last week. The C$ OIS market is now 32% priced for a hike at the upcoming 21 July meeting, with that expectation rising to well over 50% by the 25 October meeting and fully priced by the last meeting of the year on December 6.