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Home Currency News

CANADA FX DEBT – Canadian dollar strengthens, benchmark yield slips

currencycoach by currencycoach
October 25, 2024
in Currency News
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CANADA FX DEBT – Canadian dollar weakens, benchmark yield climbs
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The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped. 

The loonie was trading 0.1% higher at C$1.384 to the greenback, or 72.25 U.S. cents, after trading in a range of 1.384 to 1.3856.

Canadian government 10-year bond yields fell 1.7 basis points to 3.224%. The yield on similar U.S. government benchmark debt fell to 4.1881%.

U.S. December crude futures rose 98 cents to $71.17 a barrel on Friday.

Canadian retail sales fell 0.4% in September from August. Analysts polled by Reuters had expected retail sales growth of 0.5%.Excluding autos, retail sales fell 0.7% in September, Statistics Canada said.  Analysts had forecast September sales, excluding autos, to be up 0.3%.



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Tags: BenchmarkCanadaCanadiandebtDollarslipsStrengthensyield
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