June 1, 2012 / 12:48 PM / 6 years ago

Canadian dollar slides to six-month low, bond yields sink to record

TORONTO (Reuters) - The Canadian dollar hit its weakest level in six months on Friday and longer-term bond yields tumbled to record lows as investors scrambled away from riskier trades after data showed U.S. jobs growth faltered in May.

Canada’s currency touched a low of C$1.0443 against the greenback or 95.76 U.S. cents, moving from around C$1.0390, or 96.25 U.S. cents heading into the U.S. data, as well as a report that showed the Canadian economy grew 1.9 percent in the first quarter, as expected.

Canadian government bond prices climbed across the curve, sending longer-dated yields to record lows for another day. Canada’s benchmark 10-year bond yield hit a record trough of 1.643 percent, while the 30-year yield touched a record low of 2.233 percent.

Reporting By Claire Sibonney; Editing by Jeffrey Hodgson

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