• USD/CAD catches aggressive bids on Monday amid a goodish pickup in the USD demand.
• Bets for a slower Fed rate-cutting cycle and rebounding US bond yields underpin the USD.
• Rising Oil prices do little to benefit the Loonie or hinder the pair’s intraday positive move.

The USD/CAD pair regains strong positive traction at the start of a new week and climbs to the 1.4040 area during the Asian session, snapping a three-day losing streak amid a goodish pickup in the US Dollar (USD) demand.

US President-elect Donald Trump's tariff plans could push consumer prices higher and set the stage for the Federal Reserve (Fed) to stop cutting rates. This, in turn, triggers a fresh leg up in the US Treasury bond yields and assists the USD in staging a goodish recovery from a nearly three-week low touched on Friday, which, in turn, is seen as a key factor acting as a tailwind for the USD/CAD pair. 

In fact, Trump threatened a 100% tariff on the so-called 'BRICS' nations – Brazil, Russia, India, China, and South Africa. Adding to this, Trump's pledged big tariffs against America’s three biggest trading partners – Mexico, Canada and China – overshadows a modest uptick in Crude Oil prices. This, in turn, does little to lend any support to the commodity-linked Loonie or hinder the USD/CAD pair's move up.