Canadian dollar stable amid US inflation report anticipation, oil price rise, and Bank of Canada speech.

The Canadian dollar remained stable against the US dollar on Monday, as investors eagerly awaited a key U.S. inflation report and a speech by a Bank of Canada policymaker. The rising price of oil, a significant Canadian export, rose 8 cents to $76.92 a barrel due to tensions in the Middle East. Government bond yields in Canada increased across the curve, with the 10-year yield rising by 2.6 basis points to 3.571%.

February 12, 2024
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