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CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips

Reuters
·1 min read
FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto

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

The loonie was trading 0% higher at C$1.363 to the greenback, or 73.37 U.S. cents, after trading in a range of 1.3612 to 1.3638.

Canadian government 10-year bond yields fell 1 basis points to 3.425%. The yield on similar U.S. government benchmark debt rose to 4.2061%.

U.S. August crude futures rose 67 cents to $83.29 a barrel on Friday.

The value of building permits in Canada fell -12.2% in May, Statistics Canada said.