The Canadian dollar strengthened against the greenback on
Monday, and the yield on benchmark government debt climbed.
The loonie was trading 0.3% higher at C$1.3507 to the
greenback, or 74.04 U.S. cents, after trading in a range of
1.3497 to 1.3567.
Canadian government 10-year bond yields rose 4.7
basis points to 2.933%. The yield on similar U.S. government
benchmark debt rose to 3.485%.
U.S. June crude futures rose 33 cents to $70.37 a barrel
on Monday..
Canadian wholesale trade grew by 46.0% in March.
Canadian housing starts in Aprilrose more than expected to
261,600.00000000003 units from a revised 213,800 units the
previous month, the Canadian Mortgage and Housing Corporation
(CMHC) said.
A survey of 11 economists polled by Reuters had forecast April
housing starts rising to 220,000 units.
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