Canada Mortgage and Housing Corp. releases housing starts for March at 8:15 am ET Monday. The seasonally adjusted housing starts are forecast to rise 212,000 units in March, from 210,200 units in February.

Ahead of the data, the loonie advanced against its major rivals.

The loonie was worth 1.3381 against the greenback, 1.4155 against the euro, 83.17 against the yen and 1.0020 against the aussie as of 8:10 am ET.

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