Persistent pessimism on OPEC & Non-OPEC members ability to maintain oil cuts to boost crude oil prices will continue through to 2017.

There is even a pre-Christmas lottery ticket buying contracts that will be profitable if oil surges again to $100/bbl. The $100 December 2018 call option -- a contract that gives the right to buy December 2018 futures at $100/bbl -- was the most traded contract on Tuesday 20-Dec-2016 across the whole ICE Brent market, the latest sign of resurgent optimism in oil.

As such, staying bullish on the CAD against the USD might open up some profitable trading opportunities especially shorting USD/CAD at the 1.4 to 1.5 levels
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