Reuters logo
CANADA FX DEBT-C$ little changed ahead of GDP data this week
May 29, 2017 / 1:44 PM / 4 months ago

CANADA FX DEBT-C$ little changed ahead of GDP data this week

    * Canadian dollar at C$1.3451, or 74.34 U.S. cents
    * Bond prices mixed across the yield curve

    TORONTO, May 29 (Reuters) - The Canadian dollar was little
changed against its U.S. counterpart on Monday as the price of
oil steadied in holiday-thinned trading and ahead of the release
of data on the country's gross domestic product (GDP) due on
Wednesday.
    U.S. crude        prices were up 0.04 percent to $49.82 a
barrel in subdued trading due to public holidays in China, the
United States and Britain. Oil is one of Canada's major exports.
    At 9:25 a.m. ET (1325 GMT), the Canadian dollar          was
trading at C$1.3451 to the greenback, or 74.34 U.S. cents,
nearly unchanged.
    The currency traded in a range of C$1.3399 to C$1.3467.
    The loonie rose 0.5 percent last week. It touched its
strongest in five weeks on Wednesday after the Bank of Canada
was more upbeat than investors had expected as it left interest
rates unchanged at 0.5 percent.
    Economists forecast that the Canadian economy grew at a 3.9
percent annualized pace in the first quarter after a strong
expansion in the second half of 2016.         
    The country's trade data for April is due on Friday.
    Speculators increased bearish bets on the Canadian dollar to
a record high, data from the Commodity Futures Trading
Commission and Reuters calculations showed on Friday. Canadian
dollar net short positions rose to 99,109 contracts as of May 23
from 98,000 a week earlier.
    Canadian government bond prices were mixed, with the
two-year            price down 0.5 Canadian cent to yield 0.716
percent and the 10-year             rising 11 Canadian cents to
yield 1.431 percent.

 (Reporting by Fergal Smith; Editing by James Dalgleish)
  
 

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below