Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
* Canadian dollar falls 0.2 percent against the U.S. dollar
* Price of U.S. oil declines 2.3 percent
* Canadian bond prices fall across the yield curve
TORONTO, Feb 11 (Reuters) - The Canadian dollar weakened against its broadly stronger U.S. counterpart on Monday as oil prices fell and investors weighed prospects for trade talks this week between the United States and China.
The U.S. dollar rose as concerns grew that U.S.-China
talks would not heal a rift over trade between the world's largest economies. Canada is a major producer of commodities, including oil, so its economy could be hurt by an uncertain outlook for global trade. The price of oil fell as an uptick in U.S. drilling, a shutdown caused by a fire at a major U.S. refinery and concerns about U.S.-China trade talks all overshadowed support from OPEC-led supply restraint.
U.S. crude prices were down 2.3 percent at $51.5 a
barrel. At 10:45 a.m. EST (1545 GMT), the Canadian dollar was trading 0.2 percent lower at 1.3306 to the greenback, or 75.15 U.S. cents. The currency traded in a range of 1.3261 to 1.3314. On Friday, much stronger-than-expected domestic jobs data helped the loonie rebound from its weakest intraday in two weeks at 1.3329. But the currency still lost ground last week, declining 1.4 percent. Data last Friday from the U.S. Commodity Futures Trading Commission and Reuters calculations showed that speculators last month raised their bearish bets on the Canadian dollar to the highest since June 2017. As of Jan. 8, net short positions had jumped to 66,002 contracts from 50,649 at the end of December. Canadian government bond prices were lower across the yield curve in sympathy with U.S. Treasuries. The two-year fell 5.5 Canadian cents to yield 1.8 percent and the 10-year declined 30 Canadian cents to yield 1.916 percent. The gap between Canada's 10-year yield and its U.S. equivalent narrowed by 1.4 basis points to a spread of 73.7 basis points in favor of the U.S. bond.
(Reporting by Fergal Smith, editing by G Crosse)