The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie was trading 0.3% hi
The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie was trading 0.3% higher at C$1.3329 to the greenback, or 75.02 U.S. cents, after trading in a range of 1.3329 to 1.3371. Canadian government 10-year bond yields fell 1.5 basis points to 3.044%. The yield on similar U.S. government benchmark debt fell to 3.8416%. U.S. February crude futures fell $1.23 to $72.99 a barrel on Thursday. Canadian retail sales rose 0.7% in November from October. Analysts polled by Reuters had expected retail sales growth of 0.8%.Excluding autos. retail sales rose 0.6% in November, Statistics Canada said. Analysts had forecast November sales, excluding autos, to be up 0.5%.
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