By Commodity News Service Canada
WINNIPEG, September 19 – The Canadian dollar was unchanged relative to the US dollar on Friday, consolidating ahead of the weekend.
The Canadian dollar closed at US$0.9135 or US$1=C$1.0947 on Friday, which compares with Thursday’s North American settlement of US$0.9135 or US$1=C$1.0947.
Statistics Canada reported the consumer price index rose by 2.1 per cent in the twelve months to August, unchanged from the month prior.
News that Scotland voted not to separate from the United Kingdom was supportive for the loonie, as it had traders more willing to take on risk, analysts said.
On the other side, spillover pressure from the declines in commodities, including crude oil, gold and copper, was bearish for the Canadian currency.
Canadian bonds ended mixed on Friday, amid downward pressure positive Canadian inflation data and support from good demand for bonds, market watchers said.
The two-year bond yielded 1.175% late Friday, from 1.170% late Thursday. The 10-year bond yielded 2.250%, from 2.285%. Bond yields fall as their prices rise.
