Canadian Dollar Weakens as Benchmark Yield Climbs in FX Debt Market

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Key Takeaways:

  • 💸 Canadian dollar weakened against the greenback
  • 📈 Benchmark government debt yield climbed
  • ⛽ U.S. December crude futures rose $0.71
  • 📉 Canadian government 10-year bond yields increased by 4.2 basis points
  • 📈 U.S. government benchmark debt yields also rose
  • ⛽ U.S. December crude futures rose to $70.1 a barrel
  • 📉 Benchmark yields fell
  • 📈 Economic data shows Canadian economy recovery lagging

Canadian Dollar Weakens Against US Dollar

  • The Canadian dollar has weakened against the U.S. dollar, affecting exchange rates and trade balance.
  • Economic data indicates that the recovery of the Canadian economy is not as strong as anticipated.

Increase in Benchmark Yields and Crude Futures

  • Benchmark government debt yields climbed, indicating a possible shift in investor sentiments and interest rates.
  • U.S. December crude futures rose, reaching $70.1 per barrel, a significant increase that could impact energy markets.

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