Market News
Canadian dollar posts weekly gain as equities rebound - REUTERS
By Fergal Smith
Summary
- Canadian dollar gains 0.4% against the greenback
- For the week, the currency heads for a 0.1% decline
- Wholesale trade rises 1.2% in January
- Bond yields ease across the curve
TORONTO, March 14 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Friday as equity markets rebounded and Mark Carney was sworn in as the country's prime minister, with the currency notching its second straight weekly gain.
The loonie was trading 0.6% higher at 1.4360 per U.S. dollar, or 69.64 U.S. cents, after trading in a range of 1.4356 to 1.4447.
