The CAD was already under mild pressure given the negative tone in stocks, and extended losses on the news with the USD/CAD reaching a high of 0.9959. At time of writing, USD/CAD is trading at the 0.9945 zone, 0.2% above its opening price.
As for technical levels, immediate resistances are seen at 0.9981 (21 DMA), 0.9990 (Nov 20/21 highs), and 1.0000 (psychological level). On the downside, supports could be found at 0.9930 (20-hour SMA), 0.9900 (psychological level). and 0.9880 (55 DMA).