TLT•The Canadian dollar rose 0.3% to C$1.3972 per U.S. dollar, while Canada’s 10-year government bond yield gained 0.3 basis points to 3.79%. September retail sales rose 1.2% from August, below expectations, while sales excluding autos rose 1.2%, above expectations.
The Canadian dollar strengthened 0.3% to C$1.3972 per U.S. dollar, or 71.57 U.S. cents, after trading between C$1.3969 and C$1.4018. The yield on Canadian 10-year government bonds rose 0.3 basis points to 3.79%; the yield on similar U.S. government debt rose to 4.9552%. December U.S. crude futures rose $1.83 to $101.30 a barrel.
Canadian retail sales rose 1.2% in September from August, compared with analysts’ expected increase of 1.3%. Excluding autos, sales rose 1.2%, above forecasts for a 1.0% gain, Statistics Canada said.
