Canada FX debt - Canadian dollar strengthens, benchmark yield climbs
TLT•Canadian dollar and benchmark yield move higher
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt climbed.
The loonie CAD= was trading 0.2% higher at C$1.376 to the greenback, or 72.67 U.S. cents, after trading in a range of 1.3733 to 1.379.
Canadian government 10-year bond yields CA10YT=RR rose 1.1 basis points to 3.768%. The yield on similar U.S. government benchmark debt rose to 4.7359%.
U.S. October crude CLc1 futures rose 23 cents to settle at $87.06 a barrel on Friday.
Canadian retail sales fell 0.6% in July from June. Analysts polled by Reuters had expected retail sales growth of 0.4%. Excluding autos, retail sales fell 0.5% in July, Statistics Canada said. Analysts had forecast July sales, excluding autos, to be up 0.4%.
