Cad is on pressure, over priced beacause of the high oil prices for a long time. It is time to loose strengh. And dollar is pushing higher because of the latest events, the war between Russia and Ukraine. Fed is clearlly blamming the war for the sick inflation that they caused and they are using it to delayd rasing the interest rates on March.
So We are having a bullish scenario on dollar and sell scenario on cad, because of the oil prices. So oil will need to correct the parabolic run. So it will be the best oportunity for cad to loose strenght.