Canada dlr rallies after retail data, bonds mixed
The Canadian dollar firmed against the greenback on Thursday as retail sales data topped expectations, while the U.S. dollar was still feeling pressure from a suggestion by the U.S. Federal Reserve that inflation risks were moderating.
Domestic bond prices were mixed as the upbeat sentiment offered by the domestic report coincided with slightly more bond friendly U.S. data that showed a jump in jobless claims last week.
At 9:30 a.m. (1330 GMT), the Canadian unit was at C$1.1200 to the U.S. dollar, or 89.29 U.S. cents, up from C$1.1287, or 88.60 U.S. cents, at Wednesdays close.
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Canada dollar falls hard on gas price, bonds mixed
The Canadian dollar took its steepest fall in a year-and-a-half on Thursday, dropping more than a cent versus the U.S. dollar as falling natural gas prices prompted traders to take profits after two days of strong gains.
Bond prices ended mixed, rising on the short end after a surprising weak read on Canadian purchasing activity, but collectively finishing little changed as the market readied for Friday's release of December jobs data.
The currency finished at C$1.1634 to the U.S. dollar, or 85.95 U.S. cents, down from C$1.1467, or 87.21 U.S. cents, at Wednesday's close.
The
Canada dollar, bonds, tilt lower in muted session
The Canadian dollar dropped slightly against the U.S. dollar on Friday, unable to carry momentum from a rebound in commodity prices into a muted session heading into a long U.S. holiday weekend.
Canadian bond prices ended flat to slightly lower, handing back gains from earlier in the week as a lack of economic data and an early close for the U.S. bond market ahead of the Memorial Day weekend limited action.
The loonie closed at C$1.1073 to the U.S. dollar, or 90.31 U.S. cents, down from C$1.1067 to the U.S. dollar, or 90.36 U.S. cents,
Canada dollar recovers from 2-mth low, bonds flat
The Canadian dollar retreated on Wednesday as interest rate hike expectations seemed to favor the U.S. currency and previous commodity-linked positions were being taken out.
Bonds were flat to higher as a lack of new data left market players to debate interest rates.
At 9:50 a.m., the Canadian dollar was at C$1.1670 to the U.S. dollar, or 85.69 U.S. cents, down from C$1.1640 to the U.S. dollar, or 85.91 U.S. cents, at Tuesday's close.
The currency pushed to the C$1.17 area on Wednesday, reaching its lowest point in two months, before paring losses.
Canada dollar steady ahead of Fed, bonds rise
TORONTO, Dec 13 (Reuters) - The Canadian dollar was little
changed against the U.S. currency on Tuesday as investors
waited to see the details of the U.S. Federal Reserve's
interest rate statement later in the day.
Bond prices were slightly higher as U.S. retail sales
disappointed ahead of the Fed's widely-expected rate hike.
At 9:10 a.m., the Canadian currency was at C$1.1521 to the
U.S. dollar, or 86.80 U.S. cents, little changed from Monday's
close at C$1.1519 to the U.S. dollar, or 86.81 U.S. cents.
Analysts said the currency will likely take another run at
trying to break through C$1.15
Canada Feb. Retail, Wholesale Sales Unexpectedly Fall
Canadas retail and wholesale sales unexpectedly fell in February as households bought fewer cars and stores brought in less clothing. Excluding autos and parts, retail sales rose.
The 0.4 percent drop in overall retail sales, to C$31.6 billion ($28 billion), was the first decrease in five months, Statistics Canada said today in Ottawa. A separate StatsCan report showed wholesale sales fell 1.1 percent to C$41 billion.
Not counting autos and parts, retail sales increased 0.3 percent during February, and spending by Canadian consumers will keep rising because incomes are growing and gasoline prices
