AVN 63.60 Increased By ▲ 1.85 (3%)
BOP 8.65 Decreased By ▼ -0.08 (-0.92%)
CHCC 124.50 Decreased By ▼ -2.00 (-1.58%)
DCL 8.85 Decreased By ▼ -0.06 (-0.67%)
DGKC 101.70 Decreased By ▼ -0.56 (-0.55%)
EFERT 61.65 Decreased By ▼ -4.90 (-7.36%)
EPCL 42.99 Decreased By ▼ -0.26 (-0.6%)
FCCL 20.40 Decreased By ▼ -0.05 (-0.24%)
FFL 13.67 Increased By ▲ 0.08 (0.59%)
HASCOL 13.39 Decreased By ▼ -0.08 (-0.59%)
HBL 128.88 Increased By ▲ 0.38 (0.3%)
HUBC 79.40 Increased By ▲ 0.54 (0.68%)
HUMNL 7.10 Increased By ▲ 0.72 (11.28%)
JSCL 21.85 Increased By ▲ 0.02 (0.09%)
KAPCO 27.60 Increased By ▲ 0.11 (0.4%)
KEL 3.60 No Change ▼ 0.00 (0%)
LOTCHEM 11.75 Decreased By ▼ -0.03 (-0.25%)
MLCF 36.51 Decreased By ▼ -0.74 (-1.99%)
OGDC 93.80 Increased By ▲ 1.44 (1.56%)
PAEL 30.35 Decreased By ▼ -0.10 (-0.33%)
PIBTL 11.78 Decreased By ▼ -0.01 (-0.08%)
PIOC 83.35 Decreased By ▼ -1.50 (-1.77%)
POWER 9.20 Increased By ▲ 0.05 (0.55%)
PPL 84.45 Increased By ▲ 1.91 (2.31%)
PSO 187.55 Increased By ▲ 1.06 (0.57%)
SNGP 43.00 Increased By ▲ 0.50 (1.18%)
STPL 13.30 No Change ▼ 0.00 (0%)
TRG 51.33 Increased By ▲ 0.23 (0.45%)
UNITY 23.34 Increased By ▲ 0.04 (0.17%)
WTL 0.99 No Change ▼ 0.00 (0%)
BR100 4,131 Increased By ▲ 19.61 (0.48%)
BR30 20,689 Increased By ▲ 66.76 (0.32%)
KSE100 39,863 Increased By ▲ 230.84 (0.58%)
KSE30 16,752 Increased By ▲ 58.2 (0.35%)
Markets

Canadian dollar dips amid rising global COVID-19 restrictions

  • Canadian dollar declines 0.1% against the greenback.
  • Price of US oil decreases 0.4%.
  • Canada sheds 79,500 jobs in October, ADP data shows.
  • Canada's 10-year yield falls nearly 2 basis points.
19 Nov 2020

TORONTO: The Canadian dollar weakened against its US counterpart on Thursday as widening global COVID-19 restrictions weighed on investor sentiment, with the currency pulling back from a one-week high the day before.

World stocks eased for the third day in a row as record coronavirus infection rates and tougher measures to contain the virus in a number of countries offset recent positive news on potential vaccines.

The US death toll from COVID-19 surpassed a grim new milestone of 250,000 on Wednesday, as New York City shut schools in the United States' largest public school district.

Canada sends about 75% of its exports to the United States, including oil.

US crude prices were down 0.4% at $41.66 a barrel on Thursday, while the Canadian dollar fell 0.1% to 1.3098 per US dollar, or 76.35 US cents.

The currency traded in a range of 1.3075 to 1.3123. On Wednesday, it posted a one-week high intraday at 1.3030.

Britain is determined to reach a trade deal with Canada before the end of the year, UK trade minister Liz Truss said on Thursday, underlining that after securing a continuity agreement the two countries could go much further.

Canadian employment declined by 79,500 in October, a report from payroll services provider ADP showed. Earlier this month, data from Statistics Canada showed that the economy added jobs in October.

Canada's retail sales report for September is due on Friday.

Canadian government bond yields were mixed across a flatter curve on Thursday. The 10-year yield fell 1.9 basis points to 0.688%. It has pulled back from a seven-month high last Friday at 0.813%.