Market News
Canadian dollar edges higher on calmer bond market - REUTERS
By Fergal Smith
- Loonie trades in range of 1.3814 to 1.3820
- Price of U.S. oil increases 2.2>#/li###
- Producer prices fall 0.6% in September
- 10-year yield pulls back from 11-day high
TORONTO, Oct 22 (Reuters) - The Canadian dollar strengthened slightly against its U.S. counterpart on Tuesday, as the recent move higher in U.S. bond yields lost some momentum and investors turned attention to an interest rate decision by the Bank of Canada.
The loonie was trading 0.1% higher at 1.3820 to the U.S. dollar, or 72.36 U.S. cents, after trading in a range of 1.3814 to 1.3820. On Monday, the currency touched a near 11-week low at 1.3849.
