Currency Note Worldwide

Canadian dollar finishes on a week-long high

By Callum Holmes February 16th, 2015

Friday saw the Canadian dollar finish the week strongly, as it jumped up against its US counterpart. Statistics Canada reported that manufacturing sales rose by 1.7% in December, coming out way above the initial expectation of a 0.9% fall. November’s number was revised to a 1.3% decline from a previously estimated 1.4% drop.

The Australian dollar gained strength on Friday following central bank Governor Glenn Stevens’ acknowledgement that spurring demand in the Australia’s economy would take a lot of work, thereby indirectly suggesting that the government step up its spending.

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