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Canadian dollar strengthens, benchmark yield climbs

Reuters
Updated
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 Tuesday, and the yield on benchmark government debt climbed.

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 1.3629 to 1.3648.

Canadian government 10-year bond yields rose 1.8 basis points to 3.494%. The yield on similar U.S. government benchmark debt rose to 4.2998%.

U.S. August crude futures fell 92 cents to settle at $81.41 a barrel on Tuesday.