Canadian Forex Review: C$ Unchanged

By Commodity News Service Canada


WINNIPEG, February 1 – The Canadian dollar closed unchanged versus its US counterpart on Friday.


The Canadian currency was quoted at US$1.0027, or US$1=C$0.9973 at the close on Friday, which compares with Thursday’s North American close of US$1.0027, or US$=C$0.9973.


The Canadian dollar was unchanged amid mixed US employment data. New job creation was slightly lower than expected and the unemployment rate rose. But, the US government revised job creation data from 2012 sharply higher.


Firm commodity prices were supportive for the value of the Canadian dollar.


Canadian bonds moved sharply lower Friday, with much of the selling linked to strong US manufacturing data.


The two-year bond yielded 1.183% late Friday, from 1.163% late Thursday. The 10-year bond yielded 2.033%, from 1.990% Thursday. Bond yields fall as their prices rise.