The Canadian dollar ended unchanged against its US counterpart on Monday as the market brushed off the news of a purge after a failed coup in Turkey and oil prices fell. The loonie, as Canada's currency is colloquially known, gained against the safe-haven Japanese yen and Swiss franc, but lost ground against emerging market currencies, including Mexico's peso and Russia's ruble. The Canadian dollar settled at C$1.2937 to the greenback, or 77.30 US cents, the same level the currency closed at on Friday.
The currency's strongest level of the session was C$1.2927, while its weakest was C$1.3023. The loonie rose 0.8 percent last week as a somewhat optimistic update from the Bank of Canada lowered expectations for an interest rate cut. Canadian government bond prices were flat to slightly lower across the maturity curve on Monday, with the two-year price down 0.2 of a Canadian cent to yield 0.579 percent and the benchmark 10-year fell 15 Canadian cents to yield 1.098 percent.
Canadian small business lending picked up slightly in May to halt a five-month slide, PayNet data showed, but appetite for loans remained subdued and a measure of delinquencies hit its highest since 2011. Canadian retail sales data for May and inflation data for June are awaited on Friday.
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