CANADA FX DEBT-Canadian dollar posts weekly gain as equities rebound
*
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
(Updates market pricing)
By
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.
"It's a bit higher, mostly because U.S. equities are seeing
a slight rebound," said
U.S. stocks rose after a broad selloff on
The swearing in of Carney as
"The market sees it as modestly positive for
For the week, the currency gained 0.1% even as the trade war
between the U.S. and other countries, including
Domestic data showed that wholesale trade grew 1.2% in January from December and that manufacturing sales were up 1.7%.
The price of oil settled nearly 1% higher at
Canadian bond yields edged higher across the curve as U.S.
Treasury yields climbed. The 10-year was up 1.5
basis points at 3.066%.
(Reporting by
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