MARKET NEWS
Canadian dollar edges higher on China stimulus pledge - REUTERS
By Fergal Smith
- Canadian dollar gains 0.2% against the greenback
- Trades in a range of 1.4094 to 1.4175
- Price of U.S. oil increases 2>#/li###
- Bond yields rise across the curve
TORONTO, Dec 9 (Reuters) - The commodity-linked Canadian dollar strengthened against its U.S. counterpart on Monday as China vowed to stimulate its economy, but the move was limited ahead of an expected supersized interest rate cut by the Bank of Canada this week.
The loonie was trading 0.1% higher at 1.4135 to the U.S. dollar, or 70.75 U.S. cents. It moved in a range of 1.4094 to 1.4175, holding just short of the 4-1/2-year low it posted on Nov. 26 at 1.4177.
