Tue, 07 Aug 2012 18:33:10 GMT
Loonie reaches three-month high, closer to parity
Canadian dollar rocketed
to a three-month high versus the U.S. counterpart, as crude oil, Canada's
biggest export, advanced. The loonie appreciated
0.4 per cent to $99.67, moving closer to parity. Meanwhile, the Canadian bonds
fell for a second day in a row, pushing the yields on government's 10-year bonds
up to 1.84 per cent.