* Canadian dollar at C$1.3209, or 75.71 U.S. cents
* Loonie touches its weakest since Jan. 24 at C$1.3228
* Bond prices mixed across the maturity curve
TORONTO, Feb 28 The Canadian dollar hit a
five-week low against its U.S. counterpart on Tuesday as oil
prices fell, while investors awaited a speech from U.S.
President Donald Trump in the evening and the Bank of Canada's
interest rate decision on Wednesday.
Prices of oil, one of Canada's major exports, retreated as
increasing crude production from the United States offset the
Organization of the Petroleum Exporting Countries-led output
U.S. crude was down 0.8 percent at $53.63 a barrel.
The Bank of Canada is widely expected to hold its policy
rate at 0.5 percent.
In January, the central bank said an interest rate cut was
still possible depending on risks, including "material
consequences" if Trump enacts protectionist policies.
Trump's address to a joint session of Congress is expected
to preview some elements of his tax and spending plans.
A border adjustment tax is part of a tax revamp proposed by
House Republicans. If it is implemented, the loonie would be
among the biggest losers, analysts say.
"We are of course interested in details (of the proposed
border tax), but until we have details, it is really not
something that we can opine upon," Canadian Finance Bill Morneau
At 9:28 a.m. ET (1428 GMT), the Canadian dollar was
trading at C$1.3209 to the greenback, or 75.71 U.S. cents,
weaker than Monday's close of C$1.3163, or 75.97 U.S. cents.
The currency's strongest level of the session was C$1.3164,
while it touched its weakest since Jan. 24 at C$1.3228.
In domestic data, producer prices rose in January for the
fifth straight month, gaining 0.4 percent from December on
increases for energy and petroleum products, Statistics Canada
Canadian government bond prices were mixed across the yield
curve, with the two-year flat to yield 0.763 percent
and the 10-year rising 5 Canadian cents to yield
(Reporting by Fergal Smith; Editing by Lisa Von Ahn)