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CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips

ReutersJul 16, 2025 1:00 PM

The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt slipped.

The loonie CAD= was trading 0% lower at C$1.3724 to the greenback, or 72.87 U.S. cents, after trading in a range of 1.3707 to 1.3729.

Canadian government 10-year bond yields CA10YT=RR fell 1.6 basis points to 3.595%. The yield on similar U.S. government benchmark debt fell to 4.4693%.

U.S. August crude CLc1 futures fell 67 cents to $65.85 a barrel on Wednesday.

Canadian housing starts in June rose more than expected to 283,700 units from a revised 282,700 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said.

A survey of 12 economists polled by Reuters had forecast June housing starts falling to 259,000 units.

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