Canadian News
FONT-SIZE Plus   Neg
Share SHARE

Canadian Dollar At 5-day High Against Aussie On Wholesale Sales

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus