The Canadian dollar strengthened to its highest in more than one week against its US counterpart on Friday, extending this week's gain as the greenback broadly fell and domestic data showed that factory sales edged higher in September. At 4:42 pm (2142 GMT), the Canadian dollar was trading 0.2 percent higher at 1.3151 to the greenback, or 76.04 US cents.
The currency touched its strongest level since November 8 at 1.3128. For the week, the loonie was up 0.4 percent. Speculators have added slightly to their bearish bets on the Canadian dollar, data from the US Commodity Futures Trading Commission and Reuters calculations showed. As of November 13, net short positions had increased to 2,791 contracts from 2,632 a week earlier. Canadian government bond prices were higher across the yield curve in sympathy with US Treasuries. The two-year rose 4 Canadian cents to yield 2.219 percent and the 10-year climbed 21 Canadian cents to yield 2.364 percent.