Rising interest rate expectations pushed the Swedish krona and Canadian dollar to the top of the forex leaderboard on Wednesday.

The Canadian dollar jumped 1.1 per cent to C$1.1052 against its US namesake, closing in on the 28-year high of C$1.0944 it reached at the end of May. The rise came as retail sales north of the 49th Parallel once again exceeded expectations. Sales rose 1.7 per cent in April against forecasts for growth of 0.4 per cent.