Canada's dollar rose to a one-week high against the greenback on Tuesday, powered by a rise in the price of oil as more signs of economic recovery emerged. The currency started to move higher after data showed sales at US retailers in August rose at their fastest pace in 3-1/2 years, while a gauge of manufacturing in New York State hit a near two-year high.
The Canadian dollar closed at C$1.0714 to the US dollar, or 93.34 US cents, just shy of the one-week high of C$1.0711 to the US dollar, or 93.36 US cents, that was hit earlier in the day.