CAD is definitely in a strong bullish trend.
A key event to watch this week is the inflation report. BoC is seen as reactive to improving domestic fundamentals, so a jump in inflation might cause the market to expect the BoC to speed up the unwinding of their large-scale asset purchases (LSAPs) even further.
Given that the Fed continues to conduct LSAPs, with no end in sight anytime soon, this would be CAD bullish and we may see 1.2000 soon.
I expect the market to continue favoring currencies that have monetary policy divergence (like CAD and GBP) who are less dovish compared to central banks who remain heavily dovish (like USD).