The US dollar was the currency of the week, strengthening against all its major currency peers. Investors were drawn by a combination of short term interest rate expectations - an increase by the Fed is expected next month - and the longer-term growth promised by the president-elect. The Loonie attached itself to the Greenback's coattails and was the only other currency to gain ground against the pound. Overall the Canadian dollar added just over a cent against sterling and lost half a US cent.
Canadian economic data were even thinner on the ground than usual: manufacturing shipments were up by 0.3% in September and that was it. The statisticians in Britain and the States were more forthcoming: UK inflation slowed to 0.9% and retail sales were up by a strong 1.9% in October. The equivalent readings in the US were 1.6% and 0.8%.