CANADA FX DEBT-C$ stronger even as oil slips from two-year high

Published 2017-11-27, 09:22 a/m
© Reuters.  CANADA FX DEBT-C$ stronger even as oil slips from two-year high
USD/CAD
-
LCO
-
CL
-
CA2YT=RR
-
CA10YT=RR
-

* Canadian dollar at C$1.2681, or 78.86 U.S. cents

* Bond prices mixed across the maturity curve

TORONTO, Nov 27 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Monday even as U.S. oil prices pulled back from a two-year high, as the greenback broadly extended recent losses.

At 8:56 a.m. ET (1356 GMT), the Canadian dollar CAD=D4 was trading at C$1.2681 to the greenback, or 78.86 U.S. cents, its strongest level of the session and up 0.2 percent. It had gained 0.4 percent last week.

The currency's weakest level was C$1.2722.

The Bank of Canada is due to release its semi-annual Financial System Review on Tuesday, while currency strategists are also looking ahead to a monthly employment report and quarterly gross domestic product data due on Friday after weak retail sales numbers last week.

* U.S. crude CLc1 prices were down 0.95 percent to $58.39 a barrel, while Brent crude LCOc1 lost 0.25 percent. O/R

The Canadian dollar was slightly stronger against the euro and weaker versus the Japanese yen.

Canadian government bond prices were mixed across the maturity curve, with the two-year CA2YT=RR price down half a Canadian cent to yield 1.443 percent and the benchmark 10-year CA10YT=RR rising 3 Canadian cents to yield 1.885 percent.

The Canada-U.S. two-year bond spread was -31 basis points, while the 10-year spread was -44.5 basis points.

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.