The Canadian dollar strengthened against the greenback on
Wednesday, and the yield on benchmark government debt slipped.
The loonie was trading 0.2% higher at C$1.3622 to the
greenback, or 73.41 U.S. cents, after trading in a range of
1.3592 to 1.3655.
Canadian government 10-year bond yields fell 9.7
basis points to 3.592%. The yield on similar U.S. government
benchmark debt fell to 4.3672%.
U.S. June crude futures fell 29 cents to $77.73 a barrel
on Wednesday.
Canadian factory sales fell 2.1% in March from the previous
month, Statistics Canada said. Analysts polled by Reuters had
expected factory sales to drop 2.8%.
Canadian housing starts in Aprilfell, but less than expected, to
240,200 units from a revised 242,300 units the previous month,
the Canadian Mortgage and Housing Corporation (CMHC) said.
A survey of 12 economists polled by Reuters had forecast April
housing starts falling to 238,000 units.