• CAD slips through 1.37 vs dollar, CA retail sales underpins June BoC cut

• Retail sales -0.1% vs 0.1% f/c. Core = -0.3% vs 0.0% f/c

• Currently, markets see a June rate cut as a 50/50 call 0#BOCWATCH

• However, the latest CPI print should sway the BoC's decision to cut rates

• 100HMA (1.3722) caps for now. Support: 1.3650, 1.3600-10 (prior range top)

• Month-end flows, topside US GDP risks should support USD/CAD in near-term

• Window of opportunity for dollar bulls nL2N3GX0S1

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