16-Jul (Reuters) – Canada’s dollar recovered to a session low against its U.S. counterpart on Monday and hit a record high versus the euro amid mixed North American economic data and continued uncertainty over Europe’s bailout plans.
…The Canadian dollar was supported by data that showed foreigners acquired a record C$26.11 billion ($25.60 billion) of Canadian securities in May, fueled by the largest bond purchases in three years.
Canadian bond prices picked up across the curve on Monday, adding to gains alongside Treasuries after the U.S. retail sales drop.
The 10-year bond yield touched a record low at 1.611 percent. The two-year government bond yielded around 0.960 percent.