CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt slipped.
The loonie CAD= was trading 0% higher at C$1.3981 to the greenback, or 71.53 U.S. cents, after trading in a range of 1.396 to 1.3993.
Canadian government 10-year bond yields CA10YT=RR fell 3.2 basis points to 3.23%. The yield on similar U.S. government benchmark debt fell to 4.5125%.
U.S. June crude CLc1 futures fell $1.79 to $61.36 a barrel on Thursday.
Canadian factory sales fell 1.4% in March from the previous month, Statistics Canada said. Analysts polled by Reuters had expected factory sales to drop 1.9%.
Canadian housing starts in April rose more than expected to 278,600 units from a revised 214,200 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said.
A survey of 10 economists polled by Reuters had forecast April housing starts rising to 227.5,000 units.
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