08.07.201423:14:21UTC+00Canadian dollar closes flat in calm trade

The Canadian dollar was even versus the US dollar Tuesday, stabilizing following last session's sharp tumbled as a lack of domestic economic figures left the currency gliding.

The loonie erased 0.3% Monday after a weak report on purchasing activity in June.

Investors were also trying to assess whether the Bank of Canada will stick to its neutral stance or change its tone.

"For the balance of the week, with not much data-wise except for Canadian employment on Friday, nothing major in the States, we will probably remain fairly range-bound until Friday morning," said David Bradley, Director of Foreign Exchange Trading at Scotiabank.

The loonie concluded the North American session at C$1.0677 to the greenback or 93.66 US cents, unchanged from Monday's C$1.0677 or 93.66 US cents.

Amid Monday’s pullback, the currency inched up around 2.5% since early June after a surge ignited by the stronger inflation data, higher oil prices, and a firmer outlook for global economic growth.

Meanwhile, Canadian government bond prices climbed across the maturity curve, with the two-year up 3.5 Canadian cents, to 1.116% and the 10-year up 47 Canadian cents, to 2.249%.