At 8:30 am ET Monday, Statistics Canada releases Canada wholesale sales for February. Sales are forecast to fall 1.0 percent on month, following a 3.3 percent gain in the previous month.

Ahead of the data, the loonie traded mixed against its major opponents. While the loonie rose against the euro and the aussie, it held steady against the yen and the greenback.

The loonie was worth 1.3435 against the greenback, 82.09 against the yen, 1.0165 against the aussie and 1.4573 against the euro as of 8:25 am ET.

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