CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt climbed.
The loonie CAD= was trading 0.6% higher at C$1.3705 to the greenback, or 72.97 U.S. cents, after trading in a range of 1.3704 to 1.3799.
Canadian government 10-year bond yields CA10YT=RR rose 2 basis points to 3.431%. The yield on similar U.S. government benchmark debt fell to 4.2391%.
U.S. March crude CLc1 futures rose $1.71 to settle at $61.07 a barrel on Friday.
Canadian retail sales rose 1.3% in December from November. Analysts polled by Reuters had expected retail sales growth of 1.2%.Excluding autos, retail sales rose 1.7% in December, Statistics Canada said. Analysts had forecast December sales, excluding autos, to be up 1.2%.
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