* Canadian dollar at C$1.3425, or 74.49 U.S. cents
* Bond prices mixed across the yield curve
TORONTO, April 6 The Canadian dollar was little
changed against its U.S. counterpart on Thursday even as oil
prices rose, with investors wary before a meeting between U.S.
President Donald Trump and his Chinese counterpart Xi Jinping.
Trump faces pressure to deliver trade concessions for some
of his most fervent supporters and prevent a crisis with North
Korea from spiraling out of control.
Signs that the U.S. Federal Reserve might start paring asset
holdings also weighed on risk appetite as did evaporating hopes
of an early U.S. fiscal stimulus program.
Commodity-linked currencies, such as the loonie, tend to
underperform when investors turn less optimistic about the
Prices of oil, one of Canada's major exports, were on track
for a fourth consecutive daily gain after recovering from losses
triggered by record high U.S. crude inventories.
U.S. crude prices were up 0.92 percent to $51.62 a
At 9:42 a.m. ET (1342 GMT), the Canadian dollar was
trading at C$1.3425 to the greenback, or 74.49 U.S. cents,
slightly stronger than Wednesday's close of C$1.3427, or 74.48
The currency traded in a range of C$1.3418 to C$1.3451.
The loonie on Tuesday hit a nearly three-week low at
C$1.3455, pressured by domestic data showing an unexpected trade
On the data front, Statistics Canada reported on Thursday
that the value of Canadian building permits dropped by 2.5
percent in February from January.
Canadian government bond prices were mixed across the yield
curve, with the two-year down half a Canadian cent to
yield 0.723 percent and the 10-year rising 12
Canadian cents to yield 1.547 percent.
On Tuesday, the 10-year yield touched its lowest in four
months at 1.545 percent.
Canada's employment report for March is due on Friday.
Economists forecast that the country added just 5,000 jobs after
a strong run of employment gains.
(Reporting by Fergal Smith Editing by W Simon)