The Loonie strengthened against sterling over the week. It was no major achievement: Every currency strengthened against sterling, which was dragged lower by the expectation of higher UK interest rates fading ever further into the future. 

The pound fell by an average of -1.1% against the other dozen most actively-traded currencies. It fell by far less than that against the Canadian dollar, which at times looked likely to wrench the wooden spoon from sterling's grasp. In the end the Loonie's gain amounted to less than a quarter of a cent.

Canada's economic data provided no compelling reason to buy the Loonie. Every one of them was a disappointment, with wholesale sales declining by a monthly -0.6%, inflation falling short of expectations at 1.4% and retail sales up by a paltry 0.1% in October. No important ecostats are scheduled for the coming week.