CANADA FX DEBT-Canadian dollar edges lower on sharp drop in oil prices
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The Canadian dollar fell 0.1% against the U.S. dollar, trading at 1.3895, influenced by a 4.9% drop in oil prices to $58.97 per barrel. This decline is expected to negatively impact Canada's export values. Domestic economic data showed a 2.7% decrease in home sales in December and declines in wholesale trade and factory sales. Meanwhile, Canadian Prime Minister Mark Carney is working to reduce reliance on U.S. exports during his visit to China. U.S. Treasury yields rose, contrasting with a drop in Canadian yields, which hit a near six-week low.
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