The Canadian dollar shared third place for the week with sterling, with the Japanese yen in second and the US dollar at the head of the field. The Loonie lost half a US cent but did far better than its antipodean cousins, thanks mainly to its closer association with the US dollar. And the Greenback got a leg up from a statement by the Federal Reserve which included the heaviest possible hint that US interest rates would begin to move higher in December.
There were few Canadian economic data to affect the currency and those that did appear were not a great deal of help. Consumer prices fell by -0.2% in September, taking the headline rate of inflation down from 1.3% to 1.0%. The raw material and product price indices showed industrial firms' costs rising by 3.0% in September while factory gate prices fell -0.3%.