Canada’s dollar swung between gains and losses versus its U.S. counterpart as a drop in U.S. equity- index futures diminished the appeal of higher-risk currencies. The currency fell for a third day against the yen and is down this year versus its commodity-linked peers of Australia and New Zealand. There may be a pause in the risk rally that saw U.S. Treasury 10-year yields rise the most in eight months last week as investors switched out of bonds in search of higher- yielding assets, according to Tom Levinson at ING Groep NV. “It had been a strong few days for U.S. yields and the dollar performing well, so there was maybe a bit of a rethink at the end of last week, and that’s feeding into this week,� said Levinson, a currency strategist in London at ING, in a telephone interview. “If the U.S. data stays strong, then that really is an opportunity for Canada to catch up a little bit.� Canada’s currency, nicknamed the loonie, was little changed at 99.19 cents per U.S. dollar at 7:48 a.m. in Toronto. It fell as much as 0.1 percent and rose 0.2 percent. One Canadian dollar buys $1.0082. The loonie fell 0.4 percent to 83.81 yen. To contact the reporter on this story: Chris Fournier in Halifax at cfournier3@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

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