The Loonie was not alone in having a losing week against the US dollar and the British pound. Every other major currency did too. The ropey US economic data certainly did not justify the Greenback's leading position. But the euro was out of favour and the Federal Reserve's policy meeting minutes reassured investors that US interest rates could still move higher this year. 

Canadian economic data were typically thin on the ground. Manufacturing shipments rebounded in March with a 2.9% increase and wholesale sales also turned a corner, rising by 0.8%. There was a big net inflow of securities investment.

The Canadian dollar was roughly in the middle of the field, doing better than the Australian dollar and worse than the Kiwi. It lost one and a quarter US cents and went down by a cent and three quarters against sterling.