* Canadian dollar at C$1.3573 or 73.68 U.S. cents
* Bond prices mostly higher across the maturity curve
By Solarina Ho
TORONTO, Dec 28 The Canadian dollar firmed
slightly on Wednesday against its U.S. counterpart as the price
of oil, a key Canadian export, held near highs not seen since
Trading was expected to be driven mostly by flows, however,
as the year winds to a close and many Canadian participants are
off during a holiday-shortened work week.
"Today, tomorrow, Friday are going to be completely driven
by, obviously, flows," said Brad Schruder, director, foreign
exchange sales at BMO Capital Markets. "It's about liquidity,
it's about end-of-year flows, end-of-quarter flows."
At 9:56 AM ET (1456 GMT), the Canadian dollar was
trading at C$1.3573 to the greenback, or 73.68 U.S. cents,
marginally firmer than Tuesday's close of C$1.3577, according to
Thomson Reuters data.
It was weaker, however, compared to the Bank of Canada's
last official close of C$1.3535, or 73.88 U.S. cents on December
The currency's strongest level of the session was C$1.3561,
while its weakest level was C$1.3598.
U.S. crude prices were up 0.45 percent to $54.14 a
barrel, while Brent crude added 0.68 percent to $56.47.
Oil prices edged up for a fourth consecutive session on
Wednesday, close to their peaks since mid-2015, with the market
awaiting evidence of OPEC supply reductions in the new
Earlier in the session, the currency was modestly weaker
against the U.S. dollar, which rose after data showed U.S.
consumer confidence shot to its highest in more than 15 years in
December bolstered by expectations the economy will further
improve under President-elect Donald Trump.
Canadian government bond prices were mostly higher across
the maturity curve, with the two-year price up 1
Canadian cent to yield 0.791 percent and the benchmark 10-year
rising 22 Canadian cents to yield 1.771 percent.
(Reporting by Solarina Ho; Editing by Nick Zieminski)