CANADA FX DEBT-C$ steady ahead of Fed rate decision

Published 2015-09-15, 09:30 a/m
CANADA FX DEBT-C$ steady ahead of Fed rate decision
USD/CAD
-
LCO
-
CL
-
CA2YT=RR
-
CA10YT=RR
-

* Canadian dollar at C$1.3257, or 75.43 U.S. cents
* Bond prices mostly lower across the maturity curve

TORONTO, Sept 15 (Reuters) - The Canadian dollar was flat
against its U.S. counterpart on Tuesday, paring earlier gains as
the greenback trimmed losses following solid retail sales data,
with investors reluctant to make big bets ahead of a decision on
interest rates by the U.S. Federal Reserve later this week.
The U.S. dollar move came after data showed that U.S.
consumer spending appeared to grow at a fairly healthy pace in
August, indicating robust domestic demand that could persuade
the Fed to raise rates. ID:nLNNFKEBFL
The Fed is due to make its next rate decision Thursday and
market participants on divided on whether the central bank will
hike rates or delay such a move until 2016.
The loonie, which was stronger against all of its
counterparts on Tuesday, had firmed earlier in the session,
tracking higher crude prices.

* At 9:20 a.m. ET (1320 GMT), the Canadian dollar CAD=D4
was trading at C$1.3257 to the greenback, or 75.43 U.S. cents,
unchanged from the Bank of Canada's official close on Monday.
* The currency was trading between C$1.3227 and C$1.3267 so
far in the session.
* Crude oil rose on expectations of lower U.S. inventories
and production, but ongoing worries about China's growth and
impact on the industry tempered gains. U.S. crude CLc1 prices
were up 0.52 percent to $44.23, while Brent crude LCOc1 added
0.43 percent to $46.57. O/R
* Canadian government bond prices were mostly lower across
the maturity curve, with the two-year CA2YT=RR price down 2.5
Canadian cents to yield 0.471 percent and the benchmark 10-year
CA10YT=RR falling 14 Canadian cents to yield 1.488 percent.
* The Canada-U.S. two-year bond spread was -27.5 basis
points, while the 10-year spread was -72.2 basis points.

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