Winnipeg, September 22 – The Canadian dollar ended little changed relative to its US counterpart Tuesday, as technical factors kept the loonie rangebound for much of the day.
At 4:00 CDT Tuesday, the loonie was at US$0.7539 or US$1 = C$1.3264.
A lack of fresh domestic news kept the loonie vulnerable to international developments like crude oil.
Canadian retail sales data for the month of July is due to be released Wednesday morning.
On the commodity markets the November crude contract in New York dropped US$0.64 to US$46.32 a barrel. The December gold contract fell US$8.60 to US$1,124.20 an ounce.
Canadian bonds were slightly higher as investors shied away from equities into the fixed-income market.
Canada’s two-year bond yield was at 0.499% Tuesday, down from 0.521% late Monday, according to electronic trading platform CanDeal. The 10-year bond yield was at 1.483%, down from 1.541%. Bond
yields move inversely to prices.
