|
Canadian dollar falls as benchmark government bond yield declines
The Canadian dollar weakened against its US counterpart on Wednesday, while the yield on benchmark government bonds declined.
The Canadian dollar fell 0.1% to C$1.3936 per US dollar, or 71.76 US cents, after trading in a range of C$1.3916 to C$1.3943 during the session.
The yield on Canada’s 10-year government bond fell 3.3 basis points to 3.919%, while the yield on the comparable benchmark US Treasury note declined to 4.9773%.
US crude futures for October delivery fell $1.75 to $104.08 a barrel on Wednesday.
Building permits and housing starts decline
Statistics Canada said the value of Canadian building permits fell 17.3% in July.
Canadian housing starts also fell more than expected in August to 229,000 units, compared with a revised 229,400 units in the previous month, according to the Canada Mortgage and Housing Corporation (CMHC).
A Reuters poll of nine economists had forecast housing starts would rise to 240,000 units in August.
Thanks for your feedback.
The problem and the cure: Altman sells solutions to a cyberattack caused by his company’s AI
The artificial intelligence boom is fueling a new wave of autonomous cyberattacks, posing a major and growing threat to critical infrastructure, including the power grid.
MoreBitcoin falls as CLARITY Act stalls ahead of Fed decision
Bitcoin (BTC) remains under pressure, trading below $76,000 at the time of writing on Wednesday after falling more than 3% the previous day as the CLARITY Act failed to advance in the US Senate. Mixed signals from institutional demand also point to caution amid escalating tensions in the Middle East.
MoreOil falls as Saudi crude supplies flow through Oman
Oil prices fell on Wednesday after reports that Saudi Arabia was offering additional crude cargoes through Oman, easing concerns over the scale of oil supply disruptions in the Middle East, while European diesel prices remained near record highs.
More