Canadian dollar ends daily losing streak as bond yields climb

News Snapshot:

The Canadian dollar CADUSD edged up against its U.S. counterpart on Monday and bond yields climbed to multi-month highs, with the currency recouping a small part of its recent declines that were owed in part to the threat of U.S. trade tariffs. The loonie was trading 0.1 per cent higher at 1.4405 to the U.S. dollar, or 69.42 U.S. cents, after moving in a range of 1.4393 to 1.4447. In December, the currency touched a near 5-year low at 1.4467. “It does feel like the market is paying a lot of tribute to the potential incoming tariffs from the United...