The U.S. dollar edged up to fresh five-year highs against its Canadian counterpart on Monday, after the release of mixed U.S. economic reports and as investors remained cautious ahead of the Federal Reserve’s upcoming policy statement this week. USD/CAD hit 1.1597 during early U.S. trade, the pair’s highest since July 2009; the pair subsequently consolidated at 1.1604, adding 0.19%. The pair was likely to find support at 1.1512, Friday’s low and resistance at 1.1724. Official data showed that industrial production rose 1.3% in November, compared to expectations for a 0.7% gain, after an 0.1% uptick in October, whose figure was revised from a previously estimated 0.1% slip. The data came after the Federal Reserve Bank of New York reported that its index of general business conditions came in at minus 3.6 this month, down from 10.16 in November. Analysts had expected the index to rise to 12.52. Meanwhile, markets were jittery ahead of the Fed’s upcoming policy meeting, as ongoing speculation over the prospects for a U.S. rate hike next year fuelled expectations that the U.S. central bank could adjust its forward guidance. The loonie was steady against the euro, with EUR/CAD dipping 0.06% to 1.4423. The euro remained under pressure after a surprise decision by the Greek government to bring forward a parliamentary vote for president to this week. The move raised the prospect of snap elections if Prime Minister Antonis Samaras’ candidate is not approved by parliament, which could see the anti-bailout Syriza party take power. Since the decision, government leaders have expressed fears that Greece could be forced to exit the euro zone if parliament failed to elect a new head of state by December 29.