It was a good week for the Canadian Dollar, which was strengthened slightly, on average, against the other dozen most actively-traded currencies. It added two thirds of a US cent and went up by four and a quarter cents against Sterling. Most of the heavy lifting was done last Friday, as a result of some strong Canadian employment figures and an unexpected trade surplus, and on Monday after Britain's Prime Minister appeared to rule out remaining within the EU single market. Germany's Prime Minister echoed her words the following day, making a "hard" Brexit look even more likely.
A press conference held by the US President-elect dented the Greenback's prospects when it focused mainly on Mr Trump's alleged business and leisure interests and on miscellaneous threats to commerce and the media. There was no mention of the stimulative tax cuts and public spending that had enthused buyers at the end of 2016.