Canadian dollar strengthens, benchmark yield slips
TLT•The Canadian dollar rose 0.2% to C$1.4204 per U.S. dollar, while Canada's 10-year government bond yield fell 10.2 basis points to 3.776%. Canadian factory sales increased 1.5% in August, above analysts' 1.1% forecast.
1. Currency and bond yields
The Canadian dollar strengthened against the U.S. dollar on Thursday, trading 0.2% higher at C$1.4204, or 70.4 U.S. cents. It traded in a range of C$1.4193 to C$1.4239. Canada's 10-year government bond yield fell 10.2 basis points to 3.776%; the comparable U.S. yield fell to 5.0517%.
2. Factory sales rise
Canadian factory sales rose 1.5% in August from the previous month, Statistics Canada said. Analysts had expected growth of 1.1%. November U.S. crude futures rose 19 cents to $95.28 a barrel.
