Canadian dollar gives back weekly gain as bond yields rebound
weakened against its U.S. counterpart on Friday, giving back its weekly gain, as oil prices fell and the greenback gained ground against a basket of major currencies.
The loonie was trading 0.3% lower at 1.3380 to the greenback, or 74.74 U.S. cents, in a quiet session for North American financial markets after the U.S. Thanksgiving holiday.The U.S. dollar rose but remained near multi-month lows as investors weighed prospects of the Federal Reserve moderating the pace of its policy tightening.
The Bank of Canada has also been raising interest rates. Canadian third-quarter GDP data and the November employment report, due next week, could guide expectations for the pace of additional tightening. The price of oil, one of Canada’s major exports, settled 2.1% lower at $76.28 a barrel, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.The 10-year was down nearly 1 basis point at 2.927% but held above the three-month low it touched intraday on Thursday at 2.907%.
Canada recorded a C$1.72 billion budget surplus for the first six months of the 2022/23 fiscal year, helped by higher tax revenues, the finance ministry said.
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
اقرأ أكثر »
How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
اقرأ أكثر »
How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
اقرأ أكثر »
How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
اقرأ أكثر »
How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
اقرأ أكثر »