Canadian dollar strengthens, benchmark yield slips

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto·Reuters
Reuters
Updated

The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt slipped.

The loonie was trading 0.1% higher at C$1.362 to the greenback, or 73.42 U.S. cents, after trading in a range of 1.3609 to 1.3642.

Canadian government 10-year bond yields fell 2.1 basis points to 3.471%. The yield on similar U.S. government benchmark debt fell to 4.2802%.

U.S. August crude futures rose 69 cents to settle at $82.1 a barrel on Wednesday.