Financial Insights That Matter
The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped.
The loonie was trading 1% lower at C$1.4447 to the greenback, or 69.22 U.S. cents, after trading in a range of 1.429 to 1.4515.
Canadian government 10-year bond yields fell 5.6 basis points to 3.222%. The yield on similar U.S. government benchmark debt fell to 4.5582%.
U.S. February crude futures fell $2.39 to $75.49 a barrel on Tuesday.
Canada’s annual inflation rate eased to 1.8% in December, down from 1.9% in November, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 1.9%
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