Canada dollar ticks higher; bonds jump on surplus
The Canadian dollar ended modestly higher against the U.S. currency on Monday, supported by a weak U.S. housing report, a rebound in oil prices and acquisition activity.
Canadian bond prices posted gains on news that the Canadian governments budget surplus for 2005-06 came in at C$13.2 billion, all of which would be used to repay debt.
The Canadian dollar ended at C$1.1164 to the U.S. dollar, or 89.57 U.S. cents, up from C$1.1176, or 89.48 U.S. cents, at Fridays close. It traded within a narrow C$1.1142 to C$1.1180 band during the session.
Weve been pretty much tied to fairly tight ranges today, compared to some of the volatility we saw over the past week, said Stewart Hall, a market strategist with HSBC Canada in Toronto.
More : ca.today.reuters.com
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Canada dollar rises after current account surplus
The Canadian dollar strengthened against the greenback and other currencies on Monday as Canada's current account surplus hit a record in the fourth quarter, firming expectations the Bank of Canada will raise interest rates next week.
The strong data kept short-dated Canadian bonds pressured, while long-end debt followed U.S. treasuries higher.
At 9:50 a.m. (1450 GMT), the loonie was at C$1.1435 to the U.S. dollar, or 87.45 U.S. cents, up from C$1.1488, or 87.05 U.S. cents, at Friday's close.
Canada's current account surplus hit a record C$13.3 billion in the fourth quarter of 2005,
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 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
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's Dollar Trades Near Monthly High; Current Account Grows
Nov. 29 (Bloomberg) -- Canada's dollar traded near the highest in a month after the country's quarterly current account surplus rose to C$9.26 billion, the third largest ever.
A bigger surplus in the country's current account, the broadest measure of trade, means greater demand for the currency from foreign buyers of Canadian exports. Record energy prices swelled the value of Canada's natural gas and oil exports.
``The Canadian dollar is poised to do well,'' said Firas Askari, head currency trader at BMO Nesbitt Burns in Toronto. Today's current account surplus ``shows that
