A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015.
"It's been dragged around with higher U.S. yields, that's for sure," said Amo Sahota, director at Klarity FX in San Francisco.
"The U.S. dollar has been on an 11-week run to the upside, so that's not necessarily helping the loonie."
Vincent's comments helped underpin Canadian bond yields, Sahota said, adding that the market is "still gunning for another rate hike" from the Canadian central bank.
Canadian government bond yields surged across the curve, playing catch-up with moves in U.S. Treasuries after the Canadian market was closed on Monday.
Persons:
Mark Blinch, It's, Amo Sahota, Nicolas Vincent said, Vincent's, Sahota, gunning, Fergal Smith, Richard Chang
Organizations:
REUTERS, greenback, Canadian, U.S, Bank of Canada, FX, BoC, Treasuries, Thomson
Locations:
Toronto, TORONTO, San Francisco, U.S, Canadian