The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie was trading 0.2% lower at C$1.3809 to the greenback, or 72.42 U.S. cents, after trading in a range of 1.3775 to 1.3846. Canadian government 10-year bond yields fell 2.5 basis points to 3.716%. The yield on similar U.S. government benchmark debt rose to 4.6571%. U.S. May crude futures fell 5 cents to settle at $85.36 a barrel on Tuesday. Canadian housing starts in Marchfell more than expected to 242,200 units from a revised 260,000 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said. A survey of 13 economists polled by Reuters had forecast March housing starts falling to 245,000 units. Canada's annual inflation rate accelerated to 2.9% in March, up from 2.8% in February, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 2.9%
Delayed 08:28:08 2024-05-16 am EDT | 5-day change | 1st Jan Change | ||
0.9092 CAD | -0.19% | +0.69% | +0.87% |
02:05pm | TSX futures rise amid renewed rate cut bets | RE |
01:06pm | US Dollar Outperforms in Europe as Post-CPI Losses Consolidated | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
113.6 JPY | +0.13% | +0.38% | - | ||
1.725 CAD | -0.03% | +0.59% | - | ||
0.9092 CAD | -0.19% | +0.69% | - | ||
0.8322 CAD | -0.13% | +0.96% | - | ||
0.6628 CHF | +0.07% | +0.21% | - | ||
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