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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.