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 $85.36 a barrel on Tuesday. Canadian housing starts in Marchfell more than expected to 242,200 units from a revised 260,000 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said. A survey of 13 economists polled by Reuters had forecast March housing starts falling to 245,000 units. Canada's annual inflation rate accelerated to 2.9% in March, up from 2.8% in February, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 2.9%
Delayed 12:09:20 16/05/2024 pm IST | 5-day change | 1st Jan Change | ||
0.9095 CAD | -0.16% | +0.86% | +1.04% |
05:17am | Australia, NZ dlrs on a high, bonds rally on rate cut fever | RE |
15/05 | CANADA FX DEBT-C$ notches 5-week high as investors cheer U.S. CPI data | RE |
Stocks mentioned in the article
Price
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Change
|
5d. change
|
Capi.
| ||
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113.2 JPY | -0.24% | +0.24% | - | ||
1.726 CAD | +0.06% | +0.60% | - | ||
0.9095 CAD | -0.16% | +0.86% | - | ||
0.8324 CAD | -0.10% | +1.07% | - | ||
0.6616 CHF | -0.11% | +0.21% | - | ||
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