Canada's GDP is expected to remain the same as last time (-0.1%). I believe that it will be the same or worse. When I look at Canada's retail sales, not including auto sales, I think of a bad story playing out: http://www.tradingeconomics.com/canada/retail-sales-ex-autos
In contract, the USA's retail sales have been doing well for the past two months, especially last month (http://www.tradingeconomics.com/united-states/retail-sales-ex-autos), maybe because of the Mother's day holiday. So, I think personal spending and the PCE index will be potentially be a catalyst.
It looks to me that USDCAD could present a good trading opportunity. I would lke to put myslf in alignment with future market forces; however, I don't see a set-up yet.
Retail Sales Rise Most in a Year, Marking U.S. Consumer Comeback: http://www.bloomberg.com/news/articles/2016-05-13/retail-sales-rise-most-in-a-year-marking-u-s-consumer-comeback
Maybe the market will stall. I may or may not exit position. I cannot write long words and trade tiny time frames like this at the same time. Well, I am doing it. hehe...So, I can.