Canadian dollar weakens, benchmark yield climbs
TLT•Crude prices, factory sales and inflation data
U.S. October crude CLc1 futures rose $4.14 to $104.19 a barrel on Monday.
Canadian factory sales fell 0.4% in July from the previous month, Statistics Canada said. Analysts polled by Reuters had expected factory sales to drop 0.2%.
Canada's annual inflation rate remained at 3% in August, holding steady from 3% in July, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 3%.
Canadian dollar and government bond yields move lower
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed.
The loonie CAD= was trading 0.3% lower at C$1.3915 to the greenback, or 71.86 U.S. cents, after trading in a range of 1.3866 to 1.3916.
Canadian government 10-year bond yields CA10YT=RR rose 1.5 basis points to 3.955%. The yield on similar U.S. government benchmark debt rose to 4.9834%.
