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Canadian dollar edges lower, bond yields jump as oil tops $100 a barrel
Source: The Globe and Mail
Currency & FXInterest Rates & YieldsInflationEnergy Markets & PricesCommodities & Raw Materials
U.S. oil prices rose above $100 per barrel for the first time since May, heightening investor concerns over the inflation outlook. The Canadian dollar weakened against the U.S. dollar while bond yields jumped, reflecting expectations that renewed energy-price inflation could keep interest rates higher for longer.
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