(Adds analyst quotes and details on OPEC deal, updates prices)* Canadian dollar ends at C$1.3109, or 76.28 U.S. cents* Loonie touches its strongest since Friday at C$1.3087* Bond prices lower across the maturity curve* 10-year yield touches new historic low intraday at 0.915
percentBy Fergal SmithTORONTO, Sept 28 The Canadian dollar
strengthened the most in nearly four weeks against its U.S.
counterpart on Wednesday as oil prices soared on a deal by major
oil producers to limit output.
U.S. crude oil futures settled up $2.38 at $47.05 a
barrel after sources told Reuters that the Organization of the
Petroleum Exporting Countries has struck a deal to limit crude
output at its policy meeting in November.The OPEC news gave the Canadian dollar a boost after the
currency had been pressured recently by soft domestic data and
dovish comments from Bank of Canada Governor Poloz, said Amo
Sahota, director at Klarity FX.The …