Canadian dollar posts 1-month high

Updated 14 Oct, 2019

At 2:38 pm (1838 GMT), the Canadian dollar was trading 0.8% higher at 1.3184 to the greenback, or 75.85 US cents. The currency, which was up 0.9% for the week, touched its strongest intraday level since Sept. 11 at 1.3171.

Canadian government bond prices fell across the yield curve, with the two-year down 19 Canadian cents to yield 1.653% and the 10-year falling 100 Canadian cents to yield 1.519%.

Canada's 2-year yield climbed 4.1 basis points further above its US equivalent to a spread of 5.5 basis points, the biggest gap in favor of the Canadian bond since October 2017. It was an early close for the bond market ahead of a market holiday on Monday in observance of Thanksgiving Day.

Copyright Reuters, 2019

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