* Canadian dollar gains 0.4% against the greenback
* For the week, the currency heads for a 0.1% decline
* Wholesale trade rises 1.2% in January
* Bond yields ease across the curve
TORONTO, March 14 (Reuters) – The Canadian dollar
strengthened against its U.S. counterpart on Friday as equity
markets rebounded and Mark Carney was sworn in as the country’s
prime minister, with the currency notching its second straight
weekly gain.
The loonie was trading 0.6% higher at 1.4360 per U.S.
dollar, or 69.64 U.S. cents, after trading in a range of 1.4356
to 1.4447.
“It’s a bit higher, mostly because U.S. equities are seeing
a slight rebound,” said Howard Du, an FX Strategist at BofA
Securities.
U.S. stocks rose after a broad selloff on Wall Street
earlier this week as investors assessed the fallout of tariff
policies on economic growth, while new data…
