Loonie at 77.18 U.S. cents
strengthened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie was trading 0.6% higher at $1.2956 to the greenback, or 77.18 U.S. cents, after trading in a range of 1.2954 to 1.3029.
Canadian government 10-year bond yields rose 6.7 basis points to 3.137%. The yield on similar U.S. government benchmark debt rose to 3.0004%. U.S. August crude futures rose $3.36 to $100.95 a barrel on Monday. Canadian housing starts in June fell, but less than expected, to 273,800 units from a revised 282,200 units the previous month, the Canadian Mortgage and Housing Corporation said.
A survey of 14 economists polled by Reuters had forecast June housing starts falling to 265,000 units. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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