Canadian dollar weakens, benchmark yield slips
TLT•Crude oil and housing data
U.S. October crude CLc1 futures fell $1.75 to $104.08 a barrel on Wednesday.
The value of building permits in Canada fell -17.3% in July, Statistics Canada said.
Canadian housing starts in August fell more than expected to 229,000 units from a revised 229,400 units the previous month, the Canada Mortgage and Housing Corporation (CMHC) said.
A survey of 9 economists polled by Reuters had forecast August housing starts rising to 240,000 units.
Canadian dollar and bond yield move lower
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt slipped.
The loonie CAD= was trading 0.1% lower at C$1.3936 to the greenback, or 71.76 U.S. cents, after trading in a range of 1.3916 to 1.3943.
Canadian government 10-year bond yields CA10YT=RR fell 3.3 basis points to 3.919%. The yield on similar U.S. government benchmark debt fell to 4.9773%.
