The Canadian dollar CADUSD strengthened against the greenback on Monday, and the yield on benchmark government debt climbed.
The loonie was trading 0.5% higher at C$1.2965 to the greenback, or 77.13 U.S. cents, after trading in a range of 1.2899 to 1.3029.
Canadian government 10-year bond yields rose 1.8 basis points to 3.088%. The yield on similar U.S. government benchmark debt rose to 2.9651%. U.S. August crude futures rose $5.01 to settle at $102.6 a barrel on Monday.
Canadian housing starts in Junefell, but less than expected, to 273,800 units from a revised 282,200 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said.
A survey of 14 economists polled by Reuters had forecast June housing starts falling to 265,000 units.
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