November 28, 2011 / 2:36 PM / 9 years ago

CANADA FX DEBT-C$ rebounds on Europe policy hope

* C$ higher at C$1.0313 vs US$, or 96.96 U.S. cents
    * Canada bond prices lower across the curve
    By Jennifer Kwan
    TORONTO, Nov 28 (Reuters) - The Canadian dollar rebounded
from a seven-week low against its U.S. counterpart on Monday as
the euro and world stocks rallied on hopes that European
leaders would make progress on resolving the credit crisis.
    The market's mood was initially lifted by an unsourced
report in Italian daily La Stampa that suggested the
International Monetary Fund was preparing a rescue plan for
Italy worth up to 600 billion euros.Canada's two-year bond eased 12 Canadian cents
to yield 1.016 percent, while the 10-year bond was
down 87 Canadian cents to yield 2.209 percent.
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