Canadian Forex Review: C$ moves lower

By Commodity News Service Canada

Winnipeg, September 20 – The Canadian dollar closed weaker against its
US counterpart on Friday, undermined by weaker-than-expected Canadian
economic data, industry watchers said.
According to Statistics Canada, national annual inflation slowed to 1.1%
in August, following a 1.3% increase in July, analysts said.
Losses seen in commodities, including gold, copper and crude oil, added
to the loonie’s weakness.
The Canadian currency late in the afternoon was quoted at C$0.9709
(US$1.0299). This compares with Tuesday’s late North American quote of
C$0.9745 (US$1.0262).
Canadian bonds were up on Friday, as weak Canadian economic data helped
the front-end outperform the rest of the fixed-income curve, brokers said.
Canada’s two-year bond yield is at 1.224% Friday, down from 1.250%
Thursday, according to electronic trading platform CanDeal. The 10-year bond
yielded 2.689%, down from 2.708%.