By Commodity News Service Canada
Winnipeg – January 9/13 – CNS – The Canadian dollar was
trading at a weaker level versus the US currency in late North
American activity on Wednesday. The fractional easing of the
Canadian unit was associated with tied to light liquidation of
positions ahead of Thursday’s European and British Bank policy
meetings, market watchers said.
The Canadian currency late in the afternoon was quoted at
C$0.9876 (101.25 US cents). This compares with Tuesday’s late
North American quote of C$0.9867 (101.34 US cents).
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Strength in the North American equity sector and some
firmness in global crude oil values did help to temper the
downswing in the value of the Canadian dollar, analysts said.
A slightly better-than-expected reading of Canadian housing
starts for December was the only economic indicator out on
Wednesday, but that failed to move the Canadian dollar.
Canadian housing starts were down 1.7% to a seasonally
adjusted rate of 197,976 in December, ahead of expectations of
195,000 starts in the month.
Canadian bonds finished little changed across the yield
curve on Wednesday as a lack of major news events failed to
influence direction in the safe-haven market, industry watchers
said.
Canada’s two-year bond yield is at 1.168% Wednesday, from
1.167% late Tuesday. The 10-year bond yields 1.909%, from 1.907%.
END
