The Canadian dollar rises to the highest level in a month

The Canadian dollar rose against the US dollar to its highest level in a month as investors grew more optimistic about the global economy and ahead of inflation data that may affect the Bank of Canada's interest rate expectations.

Statistics Canada said that producer prices in Canada rose by 1.3% in August, with prices for energy and petroleum products, as well as chemicals and chemical products, rising.

The Canadian dollar rose against the US dollar by 0.3% to $1.3488 after recording earlier in the session $1.3472, its highest level since August 15. The yield on two-year bonds rose by 5 basis points to 4.782%, and the yield on 10-term bonds rose. years by 1.3 basis points to 3.756%.

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