By Commodity News Service Canada
WINNIPEG, June 16 – The Canadian dollar ended fractionally firmer against the US dollar after a volatile trading day on Tuesday.
The Canadian dollar closed at US$0.8122 or US$1=C$1.2312 on Tuesday, which compares with Monday’s North American settlement of US$0.8119 or US$1=C$1.2317.
A firmer tone in crude oil values helped to underpin the Canadian currency, as did positive Canadian economic data.
Statistics Canada said foreign investors purchased C$12.9 billion worth of Canadian securities in April, beating expectations of C$5.0 billion.
Though, the loonie was relatively rangebound throughout the day as traders were waiting for news out of the Federal Open Market Committee meeting on Wednesday before making any big moves, analysts said.
Canadian bonds were up slightly, following the US Treasury market amid ongoing worries about economic turmoil in Greece, brokers said.
The two-year bond yielded 0.609% Tuesday, from 0.626% late Monday. The 10-year bond yield was at 1.744%, from 1.769% Bond yields fall as their prices rise.
