CANADA FX DEBT-C$ strengthens slightly as oil edges higher

Published 2015-10-26, 09:08 a/m
CANADA FX DEBT-C$ strengthens slightly as oil edges higher
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$1.3146, or 76.07 U.S. cents
* Bond prices higher across the maturity curve

TORONTO, Oct 26 (Reuters) - The Canadian dollar gained
slightly against its U.S. counterpart on Monday after sharply
weakening at the end of last week, with a small rise in the
price of oil helping the commodity-linked currency.
* At 8:44 a.m. EDT (1244 GMT), the Canadian dollar
traded at C$1.3146 to the greenback, or 76.07 U.S. cents,
stronger than Friday's close of C$1.3175, or 75.90 U.S. cents.
* It hit a three-week low on Friday after weak domestic
inflation data.
* The currency's strongest level of the session was
C$1.3131, while its weakest was C$1.3184.
* U.S. crude oil CLc1 was down 0.3 percent to $44.47 a
barrel, while Brent crude LCOc1 lost 0.3 percent to $47.83.
* The Canadian dollar, which was outperforming most of its
key currency counterparts, is expected to trade between C$1.31
and C$1.318 against the U.S. dollar on Monday, according to RBC
Capital Markets.
* Canadian government bond prices were higher across the
maturity curve, with the two-year CA2YT=RR price up 1.5
Canadian cents to yield 0.528 percent and the benchmark 10-year
CA10YT=RR rising 28 Canadian cents to yield 1.476 percent.
* The Canada-U.S. two-year bond spread was -11.3 basis
points, while the 10-year spread was -59.1 basis points.

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