CORRECTED - CANADA FX DEBT-C$ weaker on Italy, Greece caution

Mon Nov 14, 2011 3:40pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

 (Corrects headline, first paragraph and 4th paragraph to make
clear that currency eased from late Friday levels.)
 * C$ weaker at C$1.0178 vs US$, or 98.25 U.S. cents
 * Bonds flat across the curve
 By Jennifer Kwan
 TORONTO, Nov 14 (Reuters) - The Canadian dollar was weaker
against the greenback on Monday, reflecting investor caution in
global markets as appointments of technocrats to lead Italy and
Greece failed to ease fears about the debt crisis.
 Global stocks and the euro were lower, while Wall Street
looked set to open flat as financial markets greeted the
arrival of respected economists as the heads of Italy and
Greece with caution with doubts remaining on what action would
follow in the two highly-indebted states. [MKTS/GLOB]
 "Canada is moving with the broader markets," said Camilla
Sutton, chief currency strategist at Scotia Capital. "The
problems in Europe are still front and center."
 At 9:06 a.m. (1406 GMT), the Canadian dollar CAD=D3 was
at C$1.0178 versus the greenback, or 98.25 U.S., down from a
Friday afternoon level of C$1.0112, or 98.89 U.S. cents.
 Earlier Monday, the Canadian dollar reached a high of
C$1.0080 to the U.S. dollar, or 99.21 U.S. cents.
 Sutton said she expected the currency to remain stuck in a
range of C$1.0080 and C$1.0270 to the U.S. dollar.
 "We've already had a fairly big move today," said Sutton.
"We don't have any data. We don't have any big things on the
agenda so I suspect we just sort of hover around here."
 Canadian government bond prices were largely mixed, with
the the two-year bond CA2YT=RR up 2 Canadian cents to yield
0.922 percent, while the 30-year bond CA30YT=RR was down
Canadian 3 cents to yield 2.756 percent.
  (Editing by Jeffrey Benkoe)