Home > Currencies > Canadian dollar weakens, benchmark yield climbs

Canadian dollar weakens, benchmark yield climbs

2024/11/21 8

The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. 

© Reuters. FILE PHOTO: A Canadian five-dollar bill is seen in this posed photograph in Montreal March 10, 2011. REUTERS/Shaun Best/File photo

The loonie was trading 0.2% lower at C$1.3985 to the greenback, or 71.51 U.S. cents, after trading in a range of 1.3951 to 1.3999.

Canadian government 10-year bond yields rose 4.2 basis points to 3.377%. The yield on similar U.S. government benchmark debt rose to 4.4316%.

U.S. December crude futures rose 71 cents to $70.1 a barrel on Wednesday.

About Cryptoopia

Cryptoopia is a global financial website that provides content on stock markets, cryptocurrencies, commodity investments, foreign exchange, and economics. Our motto is “One platform, global access”, meaning that our platform is accessible to everyone around the world. No matter where you are, you can access information and investment opportunities in the global financial markets through our platform. We are committed to providing convenient and comprehensive financial services to global investors, making your investment journey smoother and more accessible.