By Commodity News Service Canada
WINNIPEG, June 10 – The Canadian dollar ended fractionally firmer compared to the US dollar on Tuesday, following the gains seen in crude oil and gold, analysts said.
The Canadian dollar closed at US$0.9171 or US$1=C$1.0904 on Tuesday, which compares with Monday’s North American settlement of US$0.9168 or US$1=C$1.0908.
A lack of fresh market moving news kept the Canadian dollar in a narrowing trading range against the US dollar throughout the day, brokers added.
Canadian bonds closed lower on Tuesday, following the downward movement seen in the US Treasury market, participants said.
The two-year bond yielded 1.079% late Tuesday, from 1.069% late Monday. The 10-year bond yielded 2.345%, from 2.324%. Bond yields fall as their prices rise.
