Canadian dollar strengthens, benchmark yield climbs
TLT•The Canadian dollar rose 0.1% to C$1.4247 per U.S. dollar, while Canadian 10-year government bond yields climbed 3.6 basis points to 3.846%. September factory sales were unchanged from August, below analysts’ expected 0.1% increase.
1. Currency and bond yields
The Canadian dollar strengthened against the U.S. dollar on Friday, trading 0.1% higher at C$1.4247, or 70.19 U.S. cents. Canadian 10-year government bond yields rose 3.6 basis points to 3.846%; comparable U.S. yields reached 5.1413%.
2. Factory sales unchanged
Canadian factory sales were unchanged in September from the previous month, Statistics Canada said. Analysts had expected sales to increase 0.1%.
