CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt slipped.
The loonie CAD= was trading 0.2% higher at C$1.3791 to the greenback, or 72.51 U.S. cents, after trading in a range of 1.3784 to 1.3817.
Canadian government 10-year bond yields CA10YT=RR fell 0.6 basis points to 3.456%. The yield on similar U.S. government benchmark debt fell to 4.3004%.
U.S. September crude CLc1 futures rose 7 cents to $62.87 a barrel on Monday.
Canadian housing starts in July rose more than expected to 294,100 units from a revised 283,500 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said.
A survey of 7 economists polled by Reuters had forecast July housing starts falling to 265,000 units.
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