The Canadian dollar closed higher amid mixed U.S. economic data and commodity prices, reports the Canadian Press.
The loonie gained 0.17 of a cent to end at 92.11 cents (U.S.) as American housing starts for April came in at an annualized pace of 1.072 million units, higher than the 980,000 that economists had expected.
Financial markets have been pressured this week by fresh economic worries after data showed the recovery in Europe is more fragile than thought, while retail giant and economic barometer
The benchmark U.S. 10-year Treasury was at 2.52 per cent Friday afternoon, after starting the week at 2.66 per cent and going as low as 2.47 per cent on Thursday.
In Canada, intraday yields on 10-year Government of Canada bonds touched 2.22 per cent Thursday after sitting as high as 2.4 per cent earlier in the week. Late Friday morning, the Canadian 10-year yield stood at 2.264 per cent.
