I think this a mere markdown in the bigger picture.
Oils large rise in price has been responsible for the CAD selloff. But I am not worried in the slightest. I am not shorting the pullback and I will wait for a long..
Only when the long term has been broken (That or fundamental beatdowns) I will consider being a bear.
Shorting now is a bit like eating like a bird, and pooping like an elephant...