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Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed.
The loonie was trading 0.2% lower at C$1.3703 to the greenback, or 72.98 U.S. cents, after trading in a range of 1.3664 to 1.3708.
Canadian government 10-year bond yields rose 3.1 basis points to 3.507%. The yield on similar U.S. government benchmark debt rose to 4.4415%.
U.S. August crude futures rose 48 cents to $82.02 a barrel on Monday.
- Reuters
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
