The Canadian dollar extended its upward trading against the Australian dollar after a report showed on Monday that the country's wholesale sales unexpectedly rose in February.
Official data from Statistics Canada showed that wholesale sales rose 1.6 percent in February to C$48.5 billion, followed a 1.1 percent decline in January.
Economists predicted wholesale sales to be down 0.17 %.
The loonie hit a 5-day high of 1.0252 against the aussie with 1.02 seen as the next upside target level. The pair ended last week's deals at 1.0300.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.