The wave B was a triangle that gave rise to the majority of the rally of wave C, up until wave 3. The 5th wave has already developed 5 component waves, and even the 5th extended component wave appears to be complete with 5 subwaves.
divergence between the 3rd and 5th waves reflects that the rally is weakening and may be done soon. Look for an impulsive ( 5-wave ) decline followed by a partial 3-wave retracement as a potential short entry point.
The correction will be retraced more than 100%, as the primary long-term trend in USD/CAD is down.
After that, we see what looks like an initial impulsive wave down followed by a 50% correction. The third and fifth waves should extend significantly further down to create a larger degree first wave before being partially retraced in a larger degree second wave, and so on, if the count is correct thus far.