The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie was trading 0.2% lower at C$1.3809 to the greenback, or 72.42 U.S. cents, after trading in a range of 1.3775 to 1.3846. Canadian government 10-year bond yields fell 2.5 basis points to 3.716%. The yield on similar U.S. government benchmark debt rose to 4.6571%. U.S. May crude futures fell 5 cents to settle at $85.36 a barrel on Tuesday. Canadian housing starts in Marchfell more than expected to 242,200 units from a revised 260,000 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said. A survey of 13 economists polled by Reuters had forecast March housing starts falling to 245,000 units. Canada's annual inflation rate accelerated to 2.9% in March, up from 2.8% in February, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 2.9%
Delayed 01:55:55 2024-04-29 pm EDT | 5-day change | 1st Jan Change | ||
0.897 CAD | +0.42% | +1.62% | -0.48% |
05:52pm | ICE Canola Midday : Prices Climbing Upward | DJ |
04:13pm | TD Sees Rate Cuts on The Horizon in Canada | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
114.3 JPY | -1.31% | +1.59% | - | ||
1.716 CAD | +0.43% | +0.86% | - | ||
0.897 CAD | +0.42% | +1.62% | - | ||
0.8166 CAD | +0.56% | +0.74% | - | ||
0.6667 CHF | -0.36% | +0.53% | - | ||
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- CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips