Among the major currencies the Loonie eventually settled for joint third place, level-pegging with the Northern Scandinavian crowns and trailing the Australian dollar and South African rand. Canadian economic data were less numerous than those from the States but the few that did appear were entirely respectable: unemployment ticked down to 6.8% in January with the addition of 48k new jobs and manufacturing shipments increased by a monthly 2.3%.

The Canadian dollar strengthened by half a US cent and it went up by a cent against sterling. The pound and the Greenback suffered equally, eventually having to share the wooden spoon. Sterling's problems were weaker-than-expected data for inflation and wage growth. The US dollar's shortcomings were the result of apparent anarchy in the White House, a picture that was not improved when the president insisted at his press conference that "I'm not ranting and raving".