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INSIDE CANADA: CAD Touches Weakest Level Since 2009; Bonds Gain

Jan. 29 (Bloomberg) -- CAD ends day down 0.2% vs USD to 1.1171 after Federal Reserve reduced stimulus by $10b a month, matching forecast; CAD fell as much as 0.3% to 1.1187, weakest level since July 2009. * CAD rose earlier against most of 16 major peers as investors

sought haven while interest-rate cuts by Turkey and South

Africa failed to prop up emerging-market currencies

* CAD briefly gained vs USD, appreciating as much as 0.5%

* CAD +0.3% vs AUD to 0.9762, first increase in three days * CAD +0.3% vs AUD to 0.9762, first increase in three days</li></ul> * CAD has fallen 1.8% since Bank of Canada in Jan. 22 policy

report cited currency strength as a headwind to exports * CAD is biggest loser this month in basket of 10 developed- nation currencies tracked by Bloomberg Correlation-Weighted

Index, dropping 4.5%; AUD is second-worst performer,

declining 1.2% * CAD 14-day relative-strength index versus USD is below 30,

level that indicates it may be set to reverse losses, for

12th day, longest stretch since October 2008

GOVT DEBT: * Yield on 10-year government bond falls for second day,

dropping six bps to 2.36% * 1.5% security due in June 2023 climbs 46 cents to 92.82 * Bank of Canada auctioned C$3.3b ($3b) of 1% bonds maturing

in May 2016, drawing average yield of 1.014%

* Sale attracted C$8.69b in bids for a coverage ratio, a

gauge of demand, of 2.63, lowest since September 2-yr

note auction * Sale attracted C$8.69b in bids for a coverage ratio, a

gauge of demand, of 2.63, lowest since September 2-yr

note auction</li></ul> * Yield spread of provincial bonds over federal debt was

unchanged at 68 bps yday, according to Bank of America

Merrill Lynch Canadian Provincial & Municipal Index * Effective yield on provincial debt fell to 2.84% from 2.86%

CORP DEBT: * Yield spread on corporate bonds over federal unchanged at

114 bps yday, according to Bank of America Merrill Lynch

Canada Corporate Index * Effective yield on corporate debt rises to 2.85% from 2.87%

For Related News and Information: Top Stories:TOP<GO> Canadian-Dollar Forecasts: FXFC CAD <GO> Bond-Yield Forecasts: BYFC <GO>

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