Canadian dollar continues to strengthen against U.S. greenback

The Canadian dollar CADUSD strengthened against the greenback on Monday, and the yield on benchmark government debt climbed.

The loonie was trading 0.5% higher at C$1.2845 to the greenback, or 77.85 U.S. cents, after trading in a range of 1.2836 to 1.2946. Canadian government 10-year bond yields rose 3.5 basis points to 2.876%.

The yield on similar U.S. government benchmark debt rose to 2.8178%. U.S. September crude futures rose $2 to settle at $96.7 a barrel on Monday.

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