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$1.3816 to the greenback, or 72.38 U.S. cents, after trading in a range of 1.3775 to 1.3822. Canadian government 10-year bond yields fell 1.3 basis points to 3.732%. The yield on similar U.S. government benchmark debt rose to 4.6468%. U.S. May crude futures fell 65 cents to $84.76 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 00:39:10 21/05/2024 BST | 5-day change | 1st Jan Change | ||
0.9086 CAD | -0.34% | +0.58% | +0.81% |
05-20 | Currencies: $ gains 0.1%, Yen weakens again | CF |
05-20 | Canadian Dollar to Underperform on Repricing of BoC Outlook, Says Barclays | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
114.8 JPY | +0.28% | +0.39% | - | ||
1.732 CAD | +0.15% | +0.89% | - | ||
0.9086 CAD | -0.34% | +0.58% | - | ||
0.8318 CAD | -0.35% | +1.08% | - | ||
0.668 CHF | +0.02% | +0.56% | - | ||
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