USD/CAD – Canadian Dollar Holds Ground as Canadian Mfg. Sales Sparkles

USD/CAD has edged lower in the Thursday session. Currently, USD/CAD is trading at 1.3030. In economic news, there are no Canadian events on the schedule. In the US, it’s another busy day, with three key events on the calendar – Building Permits, Philly Fed Manufacturing Index and Unemployment Claims. The markets are expecting unemployment claims to rise to 243 thousand. All eyes were on Federal Reserve Chair Janet Yellen earlier this week, as she made her semi-annual appearance before Congress. In her testimony, Yellen was upbeat about the US economy. She noted that inflation is moving towards the Fed’s 2 percent target, the labor market remains red-hot and consumer spending is strong.