Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDCAD to trend downwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is < 11.6% Historical events that allowed us to draw this conclusion

15 Feb 10:00

12 Nov 10:00

12 Aug 09:00

14 Jul 09:00

13 May 09:00