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Thursday, January 30, 2025
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    HomeForexCANADIAN FOREIGN EXCHANGE DEBT – Canadian Greenback Strengthens, Benchmark Yield Falls

    CANADIAN FOREIGN EXCHANGE DEBT – Canadian Greenback Strengthens, Benchmark Yield Falls

    The Canadian greenback strengthened towards the buck on Tuesday and the yield on benchmark authorities debt fell.

    The inventory was buying and selling 0% greater at C$1.4007 towards the buck, or 71.39 US cents, after buying and selling in a spread of 1.3976 to 1.4036.

    Canadian authorities yields fell 3.1 foundation factors to three.247%. The yield on related benchmark U.S. authorities debt fell to 4.3413%.

    U.S. December crude futures fell 19 cents to $68.97 a barrel on Tuesday.

    Canada's annual inflation charge accelerated to 2% in October, up from 1.6% in September, Statistics Canada stated. Analysts polled by Reuters anticipated an annual charge of 1.9%

    See also  Canadian greenback rises in a yr if financial system avoids exhausting touchdown - Reuters ballot
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