Canada FX Debt - Canadian dollar strengthens, benchmark yield climbs
TLT•Canadian retail sales data
Canadian retail sales rose 1.0% in June from May. Analysts polled by Reuters had expected retail sales growth of 1.0%.
Excluding autos, retail sales rose 1.2% in June, Statistics Canada said. Analysts had forecast June sales, excluding autos, to be up 1.4%.
Bond yields and related market moves
Canadian government 10-year bond yields CA10YT=RR rose 5.1 basis points to 3.644%. The yield on similar U.S. government benchmark debt rose to 4.7054%.
U.S. September crude CLc1 futures rose $4.06 to $90.89 a barrel on Thursday.
Canadian dollar and benchmark yield move higher
The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt climbed.
The loonie CAD= was trading 0% higher at C$1.4082 to the greenback, or 71.01 U.S. cents, after trading in a range of 1.4058 to 1.4091.
