CANADA FX DEBT-C$ weakens to nearly 2-week low as oil, stocks fall

Published 2016-06-16, 09:59 a/m
© Reuters.  CANADA FX DEBT-C$ weakens to nearly 2-week low as oil, stocks fall
USD/CAD
-
CL
-
CA2YT=RR
-
CA10YT=RR
-

* Canadian dollar at C$1.3025, or 76.78 U.S. cents
* Loonie touched weakest since June 3 at C$1.3044
* Bond prices mixed across the maturity curve
* 10-year yield lowest since Feb. 12 at 1.059 pct

TORONTO, June 16 (Reuters) - The Canadian dollar weakened to
a nearly two-week low against its U.S. counterpart on Thursday,
pressured by lower oil and stock prices as the risk mounted that
Britain may leave the European Union.
British support for leaving the bloc in a June 23 referendum
has risen to 53 percent, a telephone poll showed on Thursday,
the highest support recorded by the pollster for the "Leave" or
"Brexit" campaign in more than three years.
Economists have warned that a so-called Brexit could trigger
financial market volatility and weaken the outlook for the
global economy and commodity prices.
Oil prices fell for a sixth straight day and European shares
hit a four-month low, weighing on Canada's risk-sensitive
commodity-linked currency. O/R
U.S. crude CLc1 prices were down 2.02 percent at $47.04 a
barrel.
Canadian growth is likely to be flat or slightly negative in
the second quarter due to the impact of the Alberta wildfires
before an outsized recovery takes hold in the third quarter, the
Bank of Canada said on Wednesday.
At 9:37 a.m. EDT (1337 GMT), the Canadian dollar CAD=D4
was trading at C$1.3025 to the greenback, or 76.78 U.S. cents,
weaker than Wednesday's close of C$1.2926, or 77.36 U.S. cents.
The currency's strongest level of the session was C$1.2897,
while it touched its weakest since June 3 at C$1.3044.
Foreign investors bought a net C$15.52 billion ($11.94
billion) in Canadian securities in April, the fourth straight
month of relatively significant purchases, Statistics Canada
said.
Canadian government bond prices were mixed across the
maturity curve, with the two-year CA2YT=RR price down 0.5
Canadian cent to yield 0.482 percent and the benchmark 10-year
CA10YT=RR rising 11 Canadian cents to yield 1.07 percent.
The 10-year yield hit its lowest since Feb. 12 at 1.059
percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.