(Adds strategist quotes and details throughout; updates prices)

* Canadian dollar rises 0.5% against the greenback

* Canada adds 378,200 jobs in September

* Loonie touches a 1-month high at 1.3111

* Canadian bond yields were mixed across a steeper curve

By Fergal Smith

TORONTO, Oct 9 (Reuters) – The Canadian dollar strengthened
against its U.S. counterpart on Friday to notch its biggest
weekly advance in four months, driven by domestic data showing a
faster pace of job gains and rising hopes of U.S. stimulus that
boosted Wall Street.

Canada added 378,200 jobs in September after an increase of
246,000 in the previous month, handily beating analyst
expectations, as children returned to school and the economy
continued to reopen from coronavirus shutdowns, Statistics
Canada said.

“Accelerating job creation in Canada in September has
super-charged the Canadian dollar” said Michael Goshko,
corporate risk manager at Western Union Business Solutions.

Adding to support for the loonie, has been the move higher
in equities and commodities in October, Goshko said.

Shares rose globally on Friday as expectations grew
of a Democratic victory in U.S. elections next month that could
lead a big economic stimulus.

Canada sends about 75% of its exports to the United States,
including oil, which gave back some of this week’s strong rally
after an oil worker strike in Norway ended. U.S. crude oil
futures settled 1.4% lower at $40.60 a barrel.

The Canadian dollar was trading 0.5% higher at 1.3131
to the greenback, or 76.16 U.S. cents. The currency touched its
strongest intraday level since Sept. 8 at 1.3111.

For the week, the loonie was up 1.3%, its biggest advance
since early June.

Canadian government bond yields were mixed across a steeper
curve, with the 10-year yield up about half a basis
point at 0.629%. On Thursday, it touched

(Adds strategist quotes and details throughout, updates prices)

* Canadian dollar rises 0.4% against the greenback

* Loonie touches its strongest since Sept. 21 at 1.3198

* Canadian housing starts fall 20% in September

* Canadian bond yields ease across much of the curve

By Fergal Smith

TORONTO, Oct 8 (Reuters) – The Canadian dollar rose to a
more-than two-week high against the greenback on Thursday as
higher oil prices and the potential for U.S. stimulus offset
comments from Bank of Canada Governor Tiff Macklem, leaving
negative interest rates on the table.

U.S. stocks climbed as President Donald Trump fueled hopes
of fresh fiscal aid, while the price of oil, one of Canada’s
major exports settled 3.1% higher at $41.19 a barrel on support
from output shutdowns ahead of a storm in the U.S. Gulf of
Mexico.

“The market is coming to terms with an era of easy money
from central banks and governments and it’s undoubtedly
beneficial to a commodity exporter,” such as Canada, said Adam
Button, chief currency analyst at ForexLive.

“Hopes for American stimulus and the rise in oil prices has
overshadowed Macklem’s cryptic comment on negative rates,”
Button added.

The Bank of Canada is not actively discussing negative
interest rates but they are a tool the bank could use in case it
needs to do more to tackle economic challenges caused by the
coronavirus outbreak, Governor Tiff Macklem said. “Never say
never,” he said.

The Canadian dollar was trading 0.4% higher at 1.3201
to the greenback, or 75.75 U.S. cents. The currency touched its
strongest intraday level since Sept. 21 at 1.3198.

Canadian housing starts fell by more than expected in
September, tumbling 20% to 208,980 units from a revised 261,547
units in August, data from the Canadian Mortgage and Housing
Corporation showed.

Canada’s jobs report

* Canadian dollar rises 0.1% against the greenback

* Loonie touches its strongest since Sept. 21 at 1.3229

* Canadian housing starts fall about 20% in September

* Canadian bond yields dip across the curve

TORONTO, Oct 8 (Reuters) – The Canadian dollar strengthened
to a more-than two-week high against the greenback on Thursday
as oil prices rose, while Bank of Canada Governor Tiff Macklem
left negative interest rates on the table if the coronavirus
crisis were to worsen.

The BoC is not actively discussing negative interest rates
but they are a tool the bank could use in case it needs to do
more to tackle economic challenges caused by the coronavirus
outbreak, Governor Tiff Macklem said. “Never say never,” he
said.

The price of oil, one of Canada’s major exports, was
supported by output shutdowns in the U.S. Gulf of Mexico and the
prospect of more supply losses in Norway, as well as by hopes
for some U.S. coronavirus relief aid. U.S. crude prices
were up 2.8% at $41.06 a barrel.

The Canadian dollar was trading 0.1% higher at 1.3243
to the greenback, or 75.51 U.S. cents. The currency touched its
strongest intraday level since Sept. 21 at 1.3229.

Canadian housing starts fell by more than expected in
September, tumbling about 20% to 208,980 units from a revised
261,547 units in August, data from the Canadian Mortgage and
Housing Corporation showed.

Canadian government bond yields edged lower across the curve
in sympathy with U.S. Treasuries. The 10-year fell
one basis point to 0.614%, pulling back from an earlier
five-week high at 0.639%.

Canada’s jobs report for September is due on Friday, which
can help guide expectations for the strength of economic
recovery.

(Reporting by Fergal Smith; Editing by Steve Orlofsky)
((fergal.smith@thomsonreuters.com; +1 647 480 7446;))

Keywords: CANADA FOREX/

The

(Adds strategist quotes and details throughout; updates prices)

* Canadian dollar rises 0.3% against the greenback

* Loonie posts its strongest since Sept. 21 at 1.3257

* Price of U.S. oil settled 5.9% higher

* Canadian bond yields climb across a steeper curve

By Fergal Smith

TORONTO, Oct 5 (Reuters) – The Canadian dollar strengthened
to a two-week high against its U.S. counterpart on Monday as the
price of oil, one of Canada’s major exports, rebounded and the
greenback broadly declined, with investors eying domestic jobs
data later in the week.

The loonie was trading 0.3% higher at 1.3262 to the
greenback, or 75.40 U.S. cents. The currency touched its
strongest intraday level since Sept. 21 at 1.3257.

The currency “has likely got a boost from U.S. dollar
weakness and a rebound in the oil price,” said Colin Cieszynski,
chief market strategist at SIA Wealth Management.

The safe-haven U.S. dollar dipped on optimism that
U.S. lawmakers will agree on new stimulus to blunt the economic
impact of the coronavirus pandemic and after U.S. President
Donald Trump said he would leave the hospital where he is being
treated for COVID-19.

U.S. crude oil futures settled 5.9% higher at $39.22
a barrel, while shares on Wall Street also rallied.

Canada’s trade report for August is due on Tuesday, while
the September employment report is set for Friday.

The jobs report will help show the strength of economic
recovery and whether “the Bank of Canada needs to do anything,
anytime soon or does it stay the course,” Cieszynski said.

The central bank has said it will hold interest rates at
near zero until economic activity returns to full capacity.

Canadian government bond yields were higher across a steeper
curve in sympathy with U.S. Treasuries on Monday. The 10-year
rose 4.7 basis points to

* Canadian dollar rises 0.1% against the greenback

* Price of U.S. oil falls 2.9%

* Canadian building permits rise 1.7% in August

* Canadian bond yields rise across a steeper curve

TORONTO, Oct 1 (Reuters) – The Canadian dollar strengthened
against its U.S. counterpart on Thursday as investors grew more
optimistic about additional U.S. stimulus, but the currency gave
up some of its gains as oil fell.

U.S. stock index futures rose after the Trump administration
said it had proposed a new coronavirus fiscal aid package to
House of Representatives Democrats worth more than $1.5
trillion.

Canada sends about 75% of its exports to the United States,
including oil. U.S. crude prices were down 2.9% at $39.05
a barrel as a rising number of coronavirus cases dampened the
demand outlook.

The loonie was trading 0.1% higher at 1.3304 to the
greenback, or 75.17 U.S. cents, having touched its strongest
intraday level since Sept. 21 at 1.3279. Last month, the loonie
fell 2.1%, ending a five-month streak of gains.

The value of Canadian building permits rose by 1.7% in
August from July, Statistics Canada said. Still, permits were
down 11.2% compared with the same month in 2019.

Canada’s export development agency predicted global growth
of 6.6% in 2021 after a 4.3% decline this year amid the
coronavirus pandemic, but said the domestic energy and tourism
sectors would suffer.

Canadian government bond yields were higher across a steeper
curve in sympathy with U.S. Treasuries. The 10-year
was up 3.4 basis points at 0.600%, trading near its highest in
three weeks.

(Reporting by Fergal Smith; editing by Jonathan Oatis)
((fergal.smith@thomsonreuters.com; +1 416 941 8113;))

Keywords: CANADA FOREX/

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source