The Canadian dollar weakened slightly against its US counterpart on Monday as oil slipped and global stock markets rose after Japan's prime minister won re-election and ordered fresh stimulus.
Domestic monetary policy will be back in focus this week, with the Bank of Canada due to decide on interest rates and update its outlook on Wednesday, following last week's weak jobs and trade data. At 8:32 a.m. EDT (1232 GMT), the Canadian dollar was trading at C$1.3065 to the greenback, or 76.54 US cents, weaker than the Bank of Canada's official Friday close of C$1.3040, or 76.91 US cents.
Canadian government bond prices were lower across the maturity curve, with the two-year price down 2.5 Canadian cents to yield 0.478 percent and the benchmark 10-year falling 21 Canadian cents to yield 0.982 percent.
The Canada-US two-year bond spread was -16.3 basis points, while the 10-year spread was -42.4 basis points.
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