Canada Nov wholesale sales seen rising 1.0% - StatsCan flash estimate - Reuters News

OTTAWA, Dec 21 (Reuters) - Canadian wholesale sales in November most likely rose by 1.0% after a similar 1.0% increase in October, Statscan said in a flash estimate released on Monday.

The agency said the estimate had been calculated based on responses received from 55.2% of companies surveyed. The average final response rate for the survey over the past 12 months has been 88.9%, it added.

Euro zone consumer confidence rises to -13.9 in December - Reuters News

Dec 21 (Reuters) - Euro zone consumer confidence rose by 3.7 points in December from the November number, figures released on Monday showed.

The European Commission said a flash estimate showed euro zone consumer morale improved to -13.9 this month from -17.6 in November. 

Economists polled by Reuters had expected a rise to -16.8.

In the European Union as a whole, consumer sentiment rose by 3.4 points to -15.3.

C$ falls by most since October as new virus strain clouds outlook - Reuters News

• Canadian dollar touches its weakest since Dec. 2 at 1.2955
• Price of U.S. oil falls 4.2%
• Flash estimate: Canadian wholesale sales up 1% in November
• Canadian bond yields ease across a flatter curve

TORONTO, Dec 21 (Reuters) - The Canadian dollar tumbled to a near three-week low against its U.S. counterpart on Monday as the spread of a new coronavirus strain in Britain clipped risk appetite, overshadowing progress on a long-awaited U.S. economic stimulus package.

Global shares .WORLD headed lower and the safe-haven U.S. dollar .DXY rallied, as the strain, said to be up to 70% more transmissible than the original, threatened to reduce prospects of a vaccine-led recovery in the global economy. nL1N2J10KF]

Oil, one of Canada's major exports, was down 4.2% at $47.02 a barrel, while the Canadian dollar CAD= fell 0.7% to 1.2879 per greenback, or 77.65 U.S. cents, its biggest decline since Oct. 28. The currency touched its weakest intraday level since Dec. 2 at 1.2955. (Full Story)

Speculators have cut their bearish bets on the Canadian dollar to the lowest in two months, data from the U.S. Commodity Futures Trading Commission showed on Friday. As of Dec. 15, net short positions had fallen to 15,716 contracts from 20,738 in the prior week.

U.S. congressional leaders reached agreement on Sunday on a $900 billion package to provide the first new aid in months to an economy and individuals battered by the surging coronavirus pandemic, with votes likely on Monday. (Full Story)

Canadian wholesale sales in November most likely rose by 1.0% after a similar 1.0% increase in October, Statscan said in a flash estimate on Monday. (Full Story)

Canada's GDP data for October is due on Wednesday.

Canadian government bond yields were lower across a flatter curve in sympathy with U.S. Treasuries. The 10-year CA10YT=RR fell 5.7 basis points to 0.697%, having touched its lowest intraday level since Dec. 1 at 0.690%.