Canadian dollar weakens, benchmark yield climbs
TLT•The Canadian dollar fell 0.4% to C$1.4171 per U.S. dollar, while Canada’s 10-year government bond yield rose 2.3 basis points to 3.68%.
1. Currency and bond moves
The Canadian dollar weakened 0.4% against the U.S. dollar to C$1.4171, or 70.57 U.S. cents, after trading between C$1.4106 and C$1.4176. Canada’s 10-year government bond yield rose 2.3 basis points to 3.68%; the comparable U.S. yield rose to 4.9523%.
2. Oil futures fall
U.S. December crude futures fell $2.35 to $84.50 a barrel.
