On Monday, the Canadian dollar remained stable against the U.S. dollar, with no significant changes in its value. The loonie was trading at C$1.4407 to the greenback, or 69.41 U.S. cents, after fluctuating between C$1.4374 and C$1.4416 throughout the day.
Canadian Government Bond Yields Experience a Slight Decline
Canadian government 10-year bond yields decreased by 5.4 basis points, settling at 3.262%. This movement reflects a slight dip in market interest rates, with the U.S. benchmark bond yields also falling to 4.5568%.
Crude Oil Prices See Modest Increase
Meanwhile, U.S. February crude oil futures saw a slight rise of 41 cents, closing at $71.01 per barrel on Monday. This increase highlights ongoing fluctuations in global oil prices, impacting both the Canadian and U.S. economies.
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Overall, the Canadian dollar held steady against the U.S. dollar while Canadian bond yields saw a modest decrease. With crude oil prices on the rise, these movements in the financial markets could be indicative of broader economic trends for both countries in the near future.
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