CANADA FX DEBT-C$ gains modestly after domestic, U.S. data

Published 2015-10-29, 09:19 a/m
CANADA FX DEBT-C$ gains modestly after domestic, U.S. data
LCO
-
CL
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CA2YT=RR
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CA10YT=RR
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* Canadian dollar at C$1.3176, or 75.90 U.S. cents
* Bond prices lower across the maturity curve

TORONTO, Oct 29 (Reuters) - The Canadian dollar strengthened
slightly against its U.S. counterpart on Thursday, as domestic
producer prices slipped and data showed U.S. economic growth
braked sharply in the third quarter.
U.S. gross domestic product increased at a 1.5 percent
annual rate after expanding at a 3.9 percent clip in the second
quarter.
Canadian producer prices slipped 0.3 percent, below the 0.1
percent drop expected, on lower prices for energy and petroleum
products.
* At 9:05 a.m. ET (1305 GMT), the Canadian dollar
traded at C$1.3176 to the greenback, or 75.90 U.S. cents,
stronger than Wednesday's close of C$1.3192, or 75.80 U.S.
cents.
* The currency's weakest level so far in the session was
C$1.3237.
* U.S. crude CLc1 prices were up 0.65 percent to $46.24,
while Brent crude LCOc1 lost 0.06 percent to $49.02.
* The Canadian dollar, which was outperforming most of its
key currency counterparts, is expected to trade between C$1.3170
and C$1.3270 against the U.S. dollar on Thursday, according to
RBC Capital Markets.
* Canadian government bond prices were lower across the
maturity curve, with the two-year CA2YT=RR price down 1
Canadian cent to yield 0.550 percent and the benchmark 10-year
CA10YT=RR falling 11 Canadian cents to yield 1.494 percent.
* The Canada-U.S. two-year bond spread was -17.4 basis
points, while the 10-year spread was -63.7 basis points.

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