Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt slipped.
The loonie was trading 0.1% higher at C$1.362 to the greenback, or 73.42 U.S. cents, after trading in a range of 1.3609 to 1.3642.
Canadian government 10-year bond yields fell 2.1 basis points to 3.471%. The yield on similar U.S. government benchmark debt fell to 4.2802%.
U.S. August crude futures rose 69 cents to settle at $82.1 a barrel on Wednesday.