Please use symbol entry at top right of page to search
|
* Canadian dollar weakens 0.2% against the greenback * For the week, the loonie was on track to fall 0.6% * * Canadian bond yields rise across curve The loonie was trading 0.2% lower at 1.3455 to the greenback, or 74.32 U.S. cents, after trading in a range of 1.3421 to 1.3520. For the week, it was on track to decline 0.6%. Money markets expect the Bank of Canada to raise interest rates by 25 basis points next Wednesday, with a roughly 15% chance of a larger move. That's not much different than before the data but the terminal rate, or the endpoint for rate hikes, seen over the coming months climbed to 4.36% from 4.22% after stronger-than-expected U.S. jobs data that could complicate the Federal Reserve's intention to start slowing the pace of tightening this month. The U.S. dollar rallied against a basket of major currencies and equity markets globally fell. The price of oil, one of Canadian government bond yields climbed across the curve,
tracking the move in U.S. Treasuries. The 10-year
was up 5.5 basis points to 2.889%.
(Reporting by
Copyright © Reuters 2008.
All rights reserved. Republication or redistribution of Reuters content,
including by caching, framing or similar means, is expressly prohibited without
the prior written consent of Reuters. Reuters and the Reuters sphere logo are
registered trademarks and trademarks of the Reuters group of companies
around the world.
Search NewsFilter ResultsPublication DateTopicProvider
|
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.