Idea for Friday
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped.
The loonie was trading 0.2% higher at C$1.4163 to the greenback, or 70.61 U.S. cents, after trading in a range of 1.4156 to 1.4201.
Canadian government 10-year bond yields fell 3 basis points to 3.087%. The yield on similar U.S. government benchmark debt fell to 4.4724%.
U.S. March crude futures rose 20 cents to $71.49 a barrel on Friday.
Canadian factory sales fell 0.3% in December from the previous month, Statistics Canada said. Analysts polled by Reuters had expected factory sales growth of 0.7%.
The loonie was trading 0.2% higher at C$1.4163 to the greenback, or 70.61 U.S. cents, after trading in a range of 1.4156 to 1.4201.
Canadian government 10-year bond yields fell 3 basis points to 3.087%. The yield on similar U.S. government benchmark debt fell to 4.4724%.
U.S. March crude futures rose 20 cents to $71.49 a barrel on Friday.
Canadian factory sales fell 0.3% in December from the previous month, Statistics Canada said. Analysts polled by Reuters had expected factory sales growth of 0.7%.
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