It was another good day for the greenback’s counterpart across the border. The Canadian dollar gained for the fifth straight day as reports indicated the nation’s economy was progressing very well. Factory prices were at a four-month high in January. GDP increased 0.4 percent in December.

The currency has stayed at a 14-year high for three days today. This has led to speculation the Bank of Canada will hike interest rates yet again next week. Other factors such as imminent mergers and acquisitions have helped boost the Canadian dollar further. It also does not hurt to have high global crude oil prices since Canada is a major exporter of the fuel.