But for a couple of dozen ticks the Canadian Dollar was unchanged on the week against Sterling. It lost the thick end of one cent to the US Dollar, which was marking time in the middle of the major currency bunch. On balance the Canadian economic statistics were helpful to the Loonie. The net inflow of foreign investment into Canadian securities increased. Wholesale sales were up by 1.1% in October, as were retail sales: both numbers were much better than forecast. The only slight stumbling block was the consumer price index data. They showed both the headline rate of inflation and the Bank of Canada's "core" rate lower than expected at 1.2% and 1.5% respectively.
The Loonie's main obstacle, however, was a broad drift away from the commodity-related currencies and into the safe havens of the Yen, the Euro and the Swiss Franc. Sterling's lack of success was down to end of year profit-taking and festering Brexit worries.