CAD weakness despite oil stabilization

Watching the CAD today, it's interesting to see it drifting a bit lower, currently at $CADUSD 0.71768, even with WTI finding some footing after yesterday's dip. Usually, a floor under crude provides a bit of a tailwind for the loonie. It makes me wonder if the market is simply pricing in a more dovish BoC than previously anticipated, especially given some of the recent employment figures. The $USDX is up slightly to 25.5067, which might be a contributing factor, but it feels like there's a more specific narrative developing around Canadian policy. Keeping an eye on any BoC commentary later this week for clearer signals, but for now, it suggests CAD crosses might offer some interesting short-side setups if this theme persists.