November 19, 2019 / 2:31 PM / 17 days ago

CANADA FX DEBT-Canadian dollar holds near 11-day high ahead of Wilkins speech

    * Canadian dollar little changed against greenback
    * Loonie touches strongest since Nov. 8 at 1.3190
    * Price of U.S. oil decreases by 1.5%
    * Canadian factory sales fall 0.2% in September

    TORONTO, Nov 19 (Reuters) - The Canadian dollar was little
changed against its U.S. counterpart on Tuesday, holding near an
earlier 11-day high as domestic factory sales fell less than
expected and a speech loomed by a senior Bank of Canada
official.
    Canadian factory sales decreased by 0.2% in September from
August, hampered by partial shutdowns for maintenance at some
refineries as well as the impact of a United Auto Workers strike
in the U.S., data from Statistics Canada showed. Analysts had
forecast a 0.6% decrease.                      
    Separate data showed Canadian home prices fell in October
for the first time in six months but an underlying upswing was
maintained.             
    Bank of Canada Senior Deputy Governor Carolyn Wilkins will
speak on Tuesday on safeguarding the Canadian financial system.
The central bank will release her prepared remarks at 13:00 ET
(1800 GMT).
    Canada's inflation report for October is due on Wednesday,
while Bank of Canada Governor Stephen Poloz is due to speak on
Thursday on economic change.
    In October, the central bank left the door open to a
possible interest rate cut over the coming months to help the
economy weather the damaging effects of global trade conflicts.
            
    At 9:04 a.m. (1404 GMT), the Canadian dollar          was
trading nearly unchanged at 1.3208 to the greenback, or 75.71
U.S. cents. The currency touched its strongest intraday level
since Nov. 8 at 1.3190.
    The 11-day high for the loonie came as world shares touched
their highest in nearly two years on predictions of future
economic growth and bets the United States and China can end
their damaging and prolonged trade dispute.             
    The price of oil, one of Canada's major exports, was
pressured by higher-than-expected Norwegian oil output and
forecasts of rising U.S. crude inventories. U.S. crude oil
futures        fell 1.5% to $56.18 a barrel.                 
    Canadian government bond prices were little changed across
the yield curve, with the two-year            down 1 Canadian
cent to yield 1.546% and the 10-year             flat to yield
1.486%.

 (Reporting by Fergal Smith; Editing by Bernadette Baum)
  
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