April 22, 2015 / 1:38 PM / 2 years ago

CANADA FX DEBT-C$ firms as greenback slips, crude holds steady

* Canadian dollar at C$1.2237 or 81.72 U.S. cents
    * Bond prices mostly lower across the maturity curve

    TORONTO, April 22 (Reuters) - The Canadian dollar
strengthened against its U.S. counterpart on Wednesday, as the
prices of crude oil, a key Canadian export, edged higher,
underpinned by a softer dolar.
    With little domestic economic news on tap this week, the
loonie will remain sidelined, with moves driven largely by the
U.S. dollar and U.S. crude prices.
            
    * At 9:22 a.m. EDT (1322 GMT), the Canadian dollar 
was trading at C$1.2237 to the greenback, or 81.72 U.S. cents,
stronger than the Bank of Canada's official close of C$1.2281,
or 81.43 U.S. cents on Monday.
    * The currency's strongest level of the session was C$1.2208
Its weakest level was C$1.2287.
    * U.S. existing home sales data for March is due at 10:00
a.m. EDT. 
    * U.S. crude prices were up 0.1 percent to $56.66,
while Brent crude added 0.8 percent to $62.59. 
    * The Canadian dollar, which was outperforming most of its
key currency counterparts except the Australian dollar
 and the British pound, will likely trade
between C$1.2215 and C$1.2305 against the U.S. dollar on
Wednesday, according to National Bank Financial Group.
    * Canadian government bond prices were mostly lower across
the maturity curve, with the two-year price down 1.5
Canadian cents to yield 0.653 percent and the benchmark 10-year
 falling 25 Canadian cents to yield 1.469 percent.
    * The Canada-U.S. two-year bond spread was 12.1 basis
points, while the 10-year spread was -45.4.

 (Reporting by Solarina Ho)

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