Economy

Canadian Dollar Weakens as Benchmark Yield Climbs in Canada’s FX Debt Market

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The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed.

The loonie CAD= was trading 0.1% lower at C$1.3472 to the greenback, or 74.23 U.S. cents, after trading in a range of 1.3451 to 1.3475.

Canadian government 10-year bond yields CA10YT=RR rose 1.3 basis points to 3.558%. The yield on similar U.S. government benchmark debt fell to 4.1676%.

U.S. March crude CLc1 futures fell $1.01 to $75.83 a barrel on Monday.

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