December 21, 2016 / 2:49 PM / a year ago

CANADA FX DEBT-C$ dips, paring some of prior day's gains

* Canadian dollar at C$1.3372, or 74.78 U.S. cents
    * Bond prices mixed across the yield curve

    TORONTO, Dec 21 (Reuters) - The Canadian dollar weakened
slightly against its U.S. counterpart on Wednesday but hung on
to most of the previous day's gains as oil prices rose and the
greenback retreated from a 14-year high.    
    The U.S. dollar weakened against a basket of major
currencies, giving back some of the gains chalked up since U.S.
President-elect Donald Trump's victory last month. 
    Oil, one of Canada's major exports, rose on expectations for
a decline in U.S. crude inventories. 
    U.S. crude was up 0.32 percent at $53.47 a barrel. 
    Canada's non-farm payroll jobs declined by 33,600 in October
after increasing 63,700 in the prior month, data from Statistics
Canada showed.
    At 9:22 a.m. EST (1422 GMT), the Canadian dollar 
was trading at C$1.3372 to the greenback, or 74.78 U.S. cents,
slightly weaker than Tuesday's close of C$1.3367, or 74.81 U.S.
cents.
    The currency was confined to a narrow range of C$1.3390 to
C$1.3357 in pre-Christmas trading.    
    In intraday trading on Tuesday, the loonie touched its
weakest level since Oct. 1 at C$1.3434, pressured by the recent
drop in Canadian yields below U.S. Treasuries.    
    Canadian government bond prices were mixed across the yield
curve, with the two-year down 1 Canadian cent to
yield 0.829 percent and the benchmark 10-year rising
1 Canadian cent to yield 1.805 percent.
    Reports on Canadian inflation for November and retail sales
for October are due on Thursday, while gross domestic product
data for October is scheduled for on Friday.

 (Reporting by Fergal Smith; Editing by Lisa Von Ahn)

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