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Canadian Forex/Bond Review: C$ Softens

| 1 min read

By Commodity News Service Canada

Winnipeg, September 9 – The Canadian dollar ended lower Wednesday, as declining oil prices led the path downward for many stocks.

At 4:00 CDT Wednesday, the loonie was at US$0.7551 or US$1 = C$1.3243.

The Bank of Canada announced it was keeping the main interest rate at 0.5% on Wednesday. That decision was in line with most analysts’ expectations.

The Bank of Canada warned though, uncertainty about the Chinese economy would continue to be a factor in most financial markets.

Canadian bonds ended lower Wednesday.

Canada’s two-year bond yield was at 0.431% Wednesday, from 0.421% late Tuesday, according to electronic trading platform CanDeal. The 10-year bond yield was at 1.471%, from 1.457%. Bond yields move inversely to prices.