Oil prices did not move smoothly through the week but they did make headway and the Canadian dollar made the most of the rise. It added a fifth of a US cent and was the top performer among the major currencies although it did not get off to a great start last Friday. Employment data from the States were a disappointment, overshadowing decent jobs numbers from Canada itself. However, the US dollar had a good week and the Loonie basked in its reflected glory.
Britain's pound had a far from good week. It beat the South African rand, which had an even wore one, but was well behind the rest of the major currency fleet. As usual it was the Brexit threat that put off investors. The harder Brexit threatens to be, the softer sterling becomes. It lost three and a half cents on the week for a cumulative loss of -15% since Brexit Eve.