| Wrap Up |
| The Canadian dollar was unchanged against its U.S. counterpart, steadying after it declined last week, as strong domestic data offset evidence that a strike at Canada’s biggest railroad was taking a toll on the country’s economy. Canadian wholesale trade rose by 1.0% in September from August, much stronger than the 0.4% gain that was expected. Sales grew by 0.9% in volume terms. Investors have cut bullish bets on the Canadian dollar, data from the U.S. Commodity Trading Commission showed. As of Nov. 19, net long positions in the currency had fallen to 28,865 contracts from 42,373 in the prior week. Canadian government bond prices were little changed across the yield curve, with the two-year bond down 1 Canadian cent to yield 1.585% and the 10-year bond flat to yield 1.473%. |