Canadian dollar weakens, benchmark yield climbs
TLT•The Canadian dollar fell 0.4% to C$1.4265 per U.S. dollar on Wednesday, while Canadian 10-year government bond yields rose 7.5 basis points to 3.943%. Canadian building permit values increased 8.8% in August.
1. Currency and bond moves
The Canadian dollar weakened against the U.S. dollar on Wednesday, trading at C$1.4265, or 70.1 U.S. cents, after ranging from C$1.4198 to C$1.4268. Canadian 10-year government bond yields rose 7.5 basis points to 3.943%; comparable U.S. yields climbed to 5.3272%.
2. Other data
U.S. November crude futures rose $1.56 to $95.70 a barrel. The value of building permits in Canada increased 8.8% in August, Statistics Canada said.
