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USDCAD Dips as Canada Yields Jump on 3% Inflation and Brent Surge

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Canada's 10-year bond yields rose to 3.954% after August inflation held steady at 3.0%, the upper bound of the Bank of Canada's target range.
  • Elevated crude prices, with Brent above $100, are stoking persistent inflation concerns and fueling speculation of prolonged restrictive monetary policy.
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BRENT price history

108.40 +66.97% over the displayed period

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