2 BMO: This despite Treasury Secretary Bessent's suggestion that the U.S. "may unsanction the #Iranian #oil that’s on the water" in the coming days. The #USD index (+0.3%) continues to benefit & this morning the #loonie is a touch firmer as well (just below $1.373, or under 72.9 cents US). #markets
BMO: U.S. & Canadian #equityfutures down this am (-0.2% to -0.5% @ 06:45 EST) amid mixed global #markets, as investors continue to digest new U.S. #tariffs. #Treasury #yields mostly slightly lower (<1 bp). And the #U.S.dollar is a bit firmer (BBDXY +0.04%) with the #loonie comparably weaker.
BMO: #Equitymarkets point to a stable open this morning, while #Treasury #yields are little changed ahead of the January #U.S. #employmentreport. #Oilprices are firm with #WTI up about $1 to $65, while the #loonie is holding at $1.353/USD (73.9 US cents) #markets #CAD
2 BMO: #Treasury #yields are lower along the curve, in the 0.4-bp to 1.4-bp range (belly leading). And the #U.S.dollar is faintly softer (BBDXY -0.05) with the #loonie the same ( #CAD per #USD +0.02%). #markets
2 BMO: … with the #market now building in an almost 75% chance of a 25 bp #ratecut - recall that pricing was leaning well toward no move at one point last week. #Oil #prices are steady with #WTI at $58.50, while the #loonie starts the day at $1.412/USD (70.8 US cents).
2 BMO: #Treasury #yields continue to grind higher (10s +1.1 bps to 4.105%) after the Fed’s hawkish tilt earlier in the week. And, the #USD index is little changed while the #loonie has weakened to $1.40. #markets

The Canadian $1 and $2 Coins: Loonie and Toonie

On June 30, 1987, Canada introduced the $1 coin featuring a common loon, quickly nicknamed the "Loonie." The original design was supposed to feature the Voyageur, but the master dies were mysteriously lost in transit to Winnipeg. Ten years later in 1996, the $2 coinβ€”the "Toonie"β€”was introduced. πŸ’°

πŸ‡¨πŸ‡¦ #Canada #Loonie #CanadianCurrency

https://www.mint.ca/en/blog/2022-07-a-tale-of-two-designs-loonie

1 BMO: #Markets are steady this morning, with #equity futures pointing to a flat open after yesterday's modest declines. #Treasury #yields are down slightly, with the 10-year sitting at 4.11%, while the #loonie starts the day at $1.402/#USD (71.4 US cents). 🧡
2 BMO: #Yields are little changed as well, with the 10-year #Treasury #yield sitting at 4.1%, while the #loonie starts the week at $1.38/USD (72.3 US cents). #CAD #bonds #markets