The major economic release today made a small impact on USDCAD, in which the pair extended it bullish momentum above the last high at 1.34950. The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, announced the average changes in prices in primary markets of the US by producers of commodities as 0.1% vs 0.2% expected and the goods and services deficit rose to $50.2 billion vs 50 billion expected. As of writing USDCAD at 1.34973, extending its bullish trend above 1.35000 targeting the April 24 high at 1.35200. Statistics Canada today reported that the trade deficit with the world narrowed from $3.4 billion in February to $3.2 billion in March. Canada’s exports rose 3.2% in March, led in part by higher exports of energy products and the Imports increased 2.5%, mainly on higher consumer goods.