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This Monday 24 Feb at 09:00 AM GMT the latest DE Ifo Business Climate number will be released.
If the number is greater than than economists’ consensus there is a 80% probability that USDCAD will trend down following the news event.

This probability is based on the last 12 DE Ifo Business Climate events, in which 5 of the last 5 events where the actual number was greater than than the economist consensus resulted in an down trend of USDCAD.

Here are images of the past events:

Wednesday 18 Dec at 09:00 AM GMT:

Friday 25 Oct at 08:00 AM GMT:

Tuesday 24 Sep at 08:00 AM GMT:

Monday 24 Jun at 08:00 AM GMT:

Monday 25 Mar at 09:00 AM GMT:

Disclaimer: Past performance may not be indicative of future performance