CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips

Published 2 months ago Negative
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
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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$1.3832 to the greenback, or 72.3 U.S. cents, after trading in a range of 1.3797 to 1.3837.

Canadian government 10-year bond yields fell 2.3 basis points to 3.467%. The yield on similar U.S. government benchmark debt fell to 4.3199%.

U.S. September crude futures fell 77 cents to $62.65 a barrel on Tuesday.

Canada's annual inflation rate eased to 1.7% in July, down from 1.9% in June, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 1.8%