.png)
(Adds dealer quotes and details throughout; updates prices) * Loonie trades in a range of 1.2763 to 1.2811 * Price of U.S. oil settles 1.7% higher * Canadian bond yields rise across a steeper curve * 10-year yield notches its highest since March last year By Fergal Smith TORONTO, Feb 3 (Reuters) – The Canadian dollar was little changed against its U.S. counterpart on Wednesday, with the currency holding on to gains from the day before as oil prices rose to a one-year high and equity markets gained ground globally. World shares rose, lifted by strong results from Alphabet Inc and upbeat earnings in Europe, while the price of oil, one of Canada’s major exports, settled 1.7% higher at $55.69 a barrel as hopes for U.S. economic stimulus bolstered the growth outlook. "The Canadian dollar is deriving some support from firm West Texas Intermediate oil prices," Rahim Madhavji, president at KnightsbridgeFX.com, said in a note. "Some analysts believe that the combination of reduced US crude inventories, and OPEC and Saudi Arabia production cuts will support prices as rebounding economies fuel demand," Madhavji said. The Canadian dollar was trading nearly unchanged at 1.2779 to the greenback, or 78.25 U.S. cents, […]
CamTrader offers a preview only. View original article. www.reuters.com
