CANADA FX DEBT-C$ off fresh 11-year lows, global clouds linger

Published 2015-09-29, 10:15 a/m
© Reuters.  CANADA FX DEBT-C$ off fresh 11-year lows, global clouds linger
LCO
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CL
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CA2YT=RR
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CA10YT=RR
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* Canadian dollar at C$1.3400, or 74.63 U.S. cents
* Bond prices mostly higher across maturity curve

TORONTO, Sept 29 (Reuters) - The Canadian dollar was a touch
softer against its U.S. counterpart on Tuesday, as the higher
price of oil, which rose on evidence that U.S. crude supplies
were tightening, helped the currency recoup some of the
overnight losses that pushed it to fresh 11-year lows.
Overall investor sentiment remained somewhat grim, with
global stocks sliding to their lowest in more than two years as
commodity prices and emerging markets like China, a major
commodities consumer, remained under pressure.

* At 10:04 a.m. EDT (1404 GMT), the Canadian dollar
was trading at C$1.3400 to the greenback, or 74.63 U.S. cents,
marginally weaker than the Bank of Canada's official close of
C$1.3394, or 74.66 U.S. cents.
* The currency's strongest level of the session was
C$1.3385, while its weakest level was C$1.3434, the softest it's
been since June, 2004.
* In Canada, producer prices for August fell slightly more
than expected following three straight months of gains due to
the lower cost of energy and petroleum products.
* In the United States, home prices rose in July to match
the June pace, but fell shy of expectations, according to the
S&P/Case Shiller composite index.
* Canada's gross domestic product for July is expected at
8:30 a.m. EDT on Wednesday.
* U.S. crude CLc1 prices were up 1.37 percent to $45.04,
while Brent crude LCOc1 added 1.50 percent to $48.05.
* Canadian government bond prices were mostly higher across
the maturity curve, with the two-year CA2YT=RR price flat to
yield 0.506 percent and the benchmark 10-year CA10YT=RR rising
8 Canadian cents to yield 1.436 percent.
* The Canada-U.S. two-year bond spread was -15.1 basis
points, while the 10-year spread was -64.3 basis points.

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