USDCAD reaction to inflation data

Watching $USDCAD closely after the hotter-than-expected CPI print out of the US today. The initial dip to 1.39255 seems to have found some buyers, pushing it back towards 1.39425, suggesting the market might be processing this as less rate-hike positive for CAD than some initially thought. My watchlist for the pair is focused on how it holds above 1.39 and if the BOC rhetoric starts to shift more hawkishly to counter any perceived rate differential pressure. Could be setting up for a retest of 1.40 if the bullish momentum sustains.