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Company News

CANADA FX DEBT-Canadian dollar dips amid rising global COVID-19 restrictions

    * Canadian dollar declines 0.1% against the greenback
    * Price of U.S. oil decreases 0.4%
    * Canada sheds 79,500 jobs in October, ADP data shows
    * Canada's 10-year yield falls nearly 2 basis points

    TORONTO, Nov 19 (Reuters) - The Canadian dollar weakened
against its U.S. counterpart on Thursday as widening global
COVID-19 restrictions weighed on investor sentiment, with the
currency pulling back from a one-week high the day before.
    World stocks          eased for the third day in a row as
record coronavirus infection rates and tougher measures to
contain the virus in a number of countries offset recent
positive news on potential vaccines.             
    The U.S. death toll from COVID-19 surpassed a grim new
milestone of 250,000 on Wednesday, as New York City shut schools
in the United States' largest public school district.
            
    Canada sends about 75% of its exports to the United States,
including oil.
    U.S. crude        prices were down 0.4% at $41.66 a barrel
on Thursday, while the Canadian dollar        fell 0.1% to
1.3098 per U.S. dollar, or 76.35 U.S. cents.             
    The currency traded in a range of 1.3075 to 1.3123. On
Wednesday, it posted a one-week high intraday at 1.3030.
    Britain is determined to reach a trade deal with Canada
before the end of the year, UK trade minister Liz Truss said on
Thursday, underlining that after securing a continuity agreement
the two countries could go much further.                  
    Canadian employment declined by 79,500 in October, a report
from payroll services provider ADP showed. Earlier this month,
data from Statistics Canada showed that the economy added jobs
in October.                         
    Canada's retail sales report for September is due on Friday.
    Canadian government bond yields were mixed across a flatter
curve on Thursday. The 10-year yield             fell 1.9 basis
points to 0.688%. It has pulled back from a seven-month high
last Friday at 0.813%.

 (Reporting by Fergal Smith; editing by Jonathan Oatis)
  
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