CANADA FX DEBT – Canadian dollar strengthens, benchmark yield slips

CANADA FX DEBT – Canadian dollar strengthens, benchmark yield slips

The loonie was trading 0% higher at C$1.4007 to the greenback, or 71.39 U.S. cents, after trading in a range of 1.3976 to 1.4036.

© Reuters. FILE PHOTO: A Canada Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File photo

Canadian government 10-year bond yields fell 3.1 basis points to 3.247%. The yield on similar U.S. government benchmark debt fell to 4.3413%.

U.S. December crude futures fell 19 cents to $68.97 a barrel on Tuesday.

Canada’s annual inflation rate accelerated to 2% in October,  up from 1.6% in September, Statistics Canada said. Analysts polled by Reuters had expected an annual rate of 1.9%

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