CANADA FX DEBT-C$ rallies to highest level since Oct. 7

Fri May 29, 2009 8:57am EDT
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 TORONTO, May 29 (Reuters) - The Canadian dollar rose to its
loftiest level versus the U.S. currency since early October on
Friday, boosted by higher commodity prices and a weaker
greenback as investors took on riskier assets.
 Around 8:45 a.m. (1245 GMT), the Canadian unit hit a fresh
seven-month high of C$1.0974 to the U.S. dollar, or 91.12 U.S.
cents, which marked its highest level since Oct. 7.
 Moments later it extended its gain to C$1.0966, or 91.19
U.S. cents, before backing off a touch.
 Canadian bonds traded mixed, with long-term yields mostly
higher even as yields in the two- to seven-year range fell.
 (Reporting by Frank Pingue; Editing by Jeffrey Hodgson)