By Commodity News Service Canada
Winnipeg, November 10 – The Canadian dollar closed lower against its US counterpart on Monday, as the US dollar advanced during the session and put pressure on commodities.
The December copper contract fell two cents lower to US$3.02 a pound. The December crude oil contract lost US$1.25 to US$77.40 a barrel. The December gold bullion faded US$10 to US$1,159.80 an ounce.
Chinese export data was also bearish as it showed exports slowing to 11.6 percent in October.
Bond trading in Canada closed early Monday in advance of Remembrance Day on Tuesday, when banks and government offices will be closed. However, the country’s two-year bond yield was pegged at 1.033% Monday, from 1.021% late Friday.
The Canadian currency closed at C$0.8784 (US$1.1.1384). This compares with Friday’s close of C$0.8792 (US$1.1374).
