(Provides strategist quotes and details in the center of, updates prices) Canadian buck weakens 0.5% towards the buck Imprint of U.S. oil settles 0.6% lower Producer prices in Canada descend 0.3% in August Canadian 10-365 days yield rises 2.3 foundation positive aspects By Fergal Smith TORONTO, Sept 29 (Reuters) - The Canadian buck weakened on Wednesday to its lowest stage in nearly per week towards its U.S. counterpart as oil prices fell and the buck posted extensive-essentially essentially based positive aspects. The loonie used to be shopping and selling 0.5% lower at 1.2749 to the buck, or 78.44 U.S. cents, after touching its weakest stage since last Thursday at 1.2774. "Month-cease flows are seemingly playing a role in the extensive buck strength this day," acknowledged Erik Nelson, a forex strategist at Wells Fargo in Recent York. "Likelihood sentiment stays shaky, which has also weighed on the Canadian buck." The U.S. buck surged to a 10-1/2-month high towards rival currencies, at the side of the euro , although a dispute in Washington over the U.S. debt ceiling threatened to descend the govt. valid into a shutdown. Losses for the loonie "accelerated" as the euro fell to its lowest stage of the 365 days, Nelson acknowledged. The worth of oil, one of Canada's significant exports, used to be pressured by an surprising rise in U.S. low inventories and concerns about a slowing Chinese economic system. U.S. low oil futures settled 0.6% lower at $74.83 a barrel. Producer prices in Canada fell by 0.3% in August from July on lower prices for softwood scuttle, Statistics Canada acknowledged. Unruffled, they had been up 14.3% from August last 365 days. Canadian govt bond yields rose even as traders paused their selling of U.S. Treasuries. The Canadian 10-365 days yield used to be up 2.3 foundation positive aspects at 1.523%, while the gap between it and its U.S. equal narrowed by 1.8 foundation positive aspects to a spread of 1.8 foundation positive aspects in prefer of the U.S. bond, its smallest since April last 365 days. Canada's bond market might be closed on Thursday for the National Day for Truth and Reconciliation. GDP files for July is due on Friday, which might perchance perchance provide clues on the Financial institution of Canada policy outlook. (Reporting by Fergal Smith; Modifying by Jonathan Oatis and Peter Cooney)
General
CANADA FX DEBT-Canadian buck hits 6-day low as month-cease shopping for lifts buck
(Provides strategist quotes and details in the center of, updates prices) Canadian buck weakens 0.5% towards the buck Imprint of U.S. oil settles 0.6% lower Producer prices in Canada descend 0.3% in August Canadian 10-365 days yield rises 2.3 foundation positive aspects By Fergal Smith TORONTO, Sept 29 (Reuters) – The Canadian buck weakened on…


You May Also Like
Travel
Revealed on July 26th, 2022 at 08: 00am EDT The Canadian government is making efforts to lower traveller wait times and completely various factors...
Travel
TORONTO - When Pope Francis travels to Canada, indigenous leaders and residential college survivors say, they are hoping for additional than an apology: They...
Travel
CIC Data > Most neatly-liked Data > Search recommendation from > Can I enter Canada if I the truth is have a felony document,...
Business
Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. As of late’s Coffee Briefing is delivered by IT World Canada’s editorial team! Ignored...