Since the start of May, the dollar has gained nearly 10 per cent through June and July, topping the 80 cent US market on July 24 - buoyed by a series of strong data points about the Canadian economy, including  a strong job market, rising retail sales and increases in manufacturing output.

The dollar is getting a boost from weakness in the U.S. dollar. After hitting its highest level in 14 years shortly after Trump's election on a promise to lower taxes, boost infrastructure and cut red tape, the U.S. dollar has weakened this summer as the new administration is not getting anything done.  Estimates say about a third of the Canadian dollar rise is due to internal Canadian economic - improvements most recently led by  the Bank of Canada’s interest rate increase the increase in commodity prices - the remainder relates to weakening of the U.S. dollar.

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