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.
Delayed 06:54:46 29/05/2024 BST | 5-day change | 1st Jan Change | ||
0.9085 CAD | +0.16% | -0.08% | +0.81% |
05-24 | Canadian dollar pares weekly decline as stocks rally | RE |
05-24 | CANADA FX DEBT-Canadian dollar pares weekly decline as stocks rally | RE |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
115 JPY | -0.21% | +0.39% | - | ||
1.743 CAD | +0.11% | +0.54% | - | ||
1.085 USD | -0.01% | -0.07% | - | ||
0.9085 CAD | +0.16% | -0.08% | - | ||
0.8378 CAD | -0.01% | +0.83% | - | ||
0.6674 CHF | -0.16% | -0.06% | - | ||
0.012 USD | -0.13% | 0.00% | - | ||
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