Prons (very shortly): 1. CAD is strongly correlated with oil price, which bias is on long side (long-term); 2. The Economic Cycle shows global growth which is going to broaden and continue; 3. Monetary Policy in US will probably affect on canadian economy and future path of canadian rates; 4. Bank of Japan Monetary Policy is on negative side with negative tendency (very low inflation still drives QQE); 5. Swap is on positive side.
Always invest consicously. The price can do anything at any time.