By Commodity News Service Canada
WINNIPEG, May 14 – The Canadian dollar closed firmer relative to the US dollar on Wednesday, following the advances seen in other commodity-linked currencies, including the New Zealand and Australian dollars, analysts said.
The Canadian dollar closed at US$0.9189 or US$1=C$1.0882 on Wednesday, which compares with Tuesday’s North American settlement of US$0.9166 or US$1=C$1.0910.
Sharp gains seen in commodity prices, including crude oil, gold and copper, also helped the Canadian dollar advance against the US currency on Wednesday.
Traders were looking ahead to Thursday, when US consumer price index figures Canadian manufacturing data will be released.
Canadian bonds were higher, following the advances seen in other global bond markets, industry officials said.
The two-year bond yielded 1.044% late Wednesday, from 1.063% late Tuesday. The 10-year bond yielded 2.282%, from 2.321%. Bond yields fall as their prices rise.
