Canadian dollar strengthens, benchmark yield slips

FILE PHOTO: A Canadian Loonie, otherwise known as a one dollar coin, is displayed on top of an American one dollar bill in this posed photograph in Toronto. REUTERS/Mark Blinch/File Photo © Thomson Reuters

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped.

The loonie was trading 0% higher at C$1.3563 to the greenback, or 73.73 U.S. cents, after trading in a range of 1.3561 to 1.3585.

Canadian government 10-year bond yields fell 4.9 basis points to 3.575%. The yield on similar U.S. government benchmark debt fell to 4.3837%.

U.S. May crude futures fell 28 cents to $86.15 a barrel on Tuesday.

Source: Reuters