* Canadian dollar at C$1.3073, or 76.49 U.S. cents
* Bond prices higher across the maturity curve
TORONTO, Feb 6 The Canadian dollar weakened
against its U.S. counterpart on Monday as oil prices slipped and
bond yields set a one-week low, with investors awaiting December
trade data due on Tuesday for signs of momentum in a nascent
The loonie, as Canada's currency is colloquially known, has
gained for two straight weeks on a combination of favorable
economic data and greenback weakness. Last week it touched its
strongest level since September.
At 8:47 a.m. ET (1347 GMT), the Canadian dollar was
trading at C$1.3073 to the greenback, or 76.49 U.S. cents,
weaker than the Bank of Canada's official close on Friday of
C$1.3028, or 76.76 U.S. cents.
The loonie was trading in a range of C$1.3008 to C$1.3085.
Economists polled by Reuters have a wide range of
expectations for Tuesday's data after Canada achieved its first
trade surplus in more than two years in November.
The most optimistic see a C$1.5 billion surplus, while the
most pessimistic expect a C$1.5 billion deficit. The median view
is for a surplus of C$350 million after the surprise C$526
million surplus in the prior month.
Jobs data is due on Friday.
U.S. crude oil prices were down 0.35 percent at
$53.64 a barrel, while Brent lost 0.56 percent to
Canadian government bond prices were higher across the
maturity curve, with the two-year price up 4 Canadian
cents to yield 0.755 percent and the benchmark 10-year
rising 43 Canadian cents to yield 1.71 percent.
The Canada-U.S. two-year bond spread narrowed to -41.8 basis
points, while the 10-year spread came in to -71.5 basis points.
(Reporting by Alastair Sharp; Editing by Lisa Von Ahn)