Canadian dollar weakens

16 Dec, 2018

The Canadian dollar lost ground against its broadly stronger US counterpart on Friday as investors worried about signs of slower global growth and braced for a potential interest rate hike next week from the Federal Reserve. At 4:12 p.m. (2112 GMT), the Canadian dollar was trading 0.2 percent lower at 1.3382 to the greenback, or 74.73 US cents. The currency traded in a range of 1.3346 to 1.3402. It was down 0.4 percent for the week.
Canadian government bond prices were higher across the yield curve, with the two-year up 8.5 Canadian cents to yield 2.021 percent and the 10-year rising 49 Canadian cents to yield 2.101 percent.

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