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
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