The Canadian dollar rallied to its highest level in more than a week against a broadly weaker greenback on Tuesday, as U.S. bond yields tumbled following data showing that U.S. inflation pressures eased last month. The Canadian dollar was trading 0.6% higher at 1.3560 to the greenback, or 73.75 U.S. cents, after touching its strongest level since Dec. 5 at 1.3523. "Rates in the U.S. have cratered here," said Michael Goshko, senior market analyst at Convera Canada. - READ MORE

By Yahoo Finance

Tue, 13 Dec 2022 20:45:09 GMT