The Canadian dollar weakened against the greenback on Wednesday,
and the yield on benchmark government debt slipped.
The loonie was trading 0.5% lower at C$1.3746 to the
greenback, or 72.75 U.S. cents, after trading in a range of
1.3661 to 1.3814.
Canadian government 10-year bond yields fell 9.2
basis points to 2.81%. The yield on similar U.S. government
benchmark debt fell to 3.4922%.
U.S. April crude futures fell $3.72 to settle at $67.61 a
barrel on Wednesday..
Canadian housing starts in Februaryrose more than expected to
244,000 units from a revised 216,500 units the previous month,
the Canadian Mortgage and Housing Corporation (CMHC) said.
A survey of 14 economists polled by Reuters had forecast
February housing starts rising to 220,000 units.
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