The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie was trading 0.1% higher at C$1.4394 to the greenback, or 69.47 U.S. cents,

The Canadian Dollar (CAD) continued its soft stance on Friday, easing into familiar near-term lows and shedding one-quarter of one percent against the US Dollar. The Loonie is entering a lull period with functionally no releases on the data docket in the immediate future, leaving CAD traders to battle it out near multi-year lows.

The outperforming U.S. economy, which is pushing U.S. yields higher — well above yields in Canada — is attracting more investments south of the border. There’s also a widening differential in monetary policy between the Bank of Canada and the U.S. Federal Reserve, Schamotta said.

The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt held steady. The loonie was trading 0.2% lower at C$1.4429 to the greenback, or 69.3 U.S. cents,