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The Canadian dollar strengthened against a weaker US dollar in thin pre-holiday trading on Friday. It finished 2016 with an overall gain.
The Canada-US two-year bond spread was about -45 basis points.
Loonie strength raises the US-dollar cost of Canadian exports, while the widening rate gap signals continued currency pressure in 2017.
reuters.comDec 30, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
