Loonie is appreciating

Note: This section contains information in English only.
Source: Reuters
Canada's national currency hit its six-week high against its US counterpart on the 3rd of July. The current trading rate is CAD 1.0161 per USD whereas on 29.06.2012 the rate was CAD 1.0181 per USD. Canadian government bonds also gained in price. Two-year government bonds advanced by 5 Canadian cents, leading to drop of yields to 1.006%, while ten-year bonds rose by 32 cents, having a yield of 1.703%. Such changes are mainly determined by general expectation of risk-off trade supported by the stimulating government policies.
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