Canadian dollar weakens, benchmark yield slips
TLT•The Canadian dollar fell 0.2% to C$1.4245 per U.S. dollar, while Canada’s 10-year government bond yield slipped 1.2 basis points to 3.857%. Canadian building permits rose 8.8% in August.
1. Currency and bond moves
The Canadian dollar weakened against the U.S. dollar on Wednesday, trading 0.2% lower at C$1.4245, or 70.2 U.S. cents. It traded in a range of C$1.4198 to C$1.4299. Canada's 10-year government bond yield fell 1.2 basis points to 3.857%; the similar U.S. benchmark yield fell to 5.1896%.
2. Permits and oil
The value of building permits in Canada rose 8.8% in August. U.S. November crude futures rose 95 cents to settle at $95.09 a barrel.
