The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie was trading 0.1% lower at C$1.3698 to the greenback, or 73 U.S. cents, after trading in a range of 1.3667 to 1.3707. Canadian government 10-year bond yields fell 5 basis points to 3.369%. The yield on similar U.S. government benchmark debt fell to 4.208%. U.S. August crude futures fell $1.4 to $80.51 a barrel on Tuesday. Canadian housing starts in Junefell more than expected to 241,700 units from a revised 264,900 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said. A survey of 12 economists polled by Reuters had forecast June housing starts falling to 255,000 units. Canada's annual inflation rate eased to 2.7% in June, down from 2.9% in May, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 2.8%
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Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
0.9201 CAD | -0.51% | +0.13% | - | ||
1.772 CAD | -0.08% | +1.68% | - | ||
0.8268 CAD | -0.50% | -0.99% | - | ||
0.6545 CHF | -0.03% | -0.56% | - | ||
115.9 JPY | +0.24% | -2.06% | - | ||
- CAD | - | 0.00% | - | ||
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- CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips