Canadian dollar strengthens, benchmark yield climbs
TLT•The Canadian dollar rose 0.3% to C$1.4097 per U.S. dollar, while Canada’s 10-year government bond yield climbed 5.1 basis points to 3.88%. Canada’s annual inflation rate accelerated to 3.1% in September from 3% in August.
1. Currency and bond moves
The Canadian dollar strengthened against the U.S. dollar on Monday, trading 0.3% higher at C$1.4097, or 70.94 U.S. cents, after ranging from C$1.4071 to C$1.4148. Canada’s 10-year government bond yield rose 5.1 basis points to 3.88%; the yield on similar U.S. government debt rose to 5.1%.
2. Inflation and crude
Canada’s annual inflation rate accelerated to 3.1% in September from 3% in August, Statistics Canada said. Analysts polled by Reuters had expected 3.2%. U.S. November crude futures fell 66 cents to $100.75 a barrel.
