CANADA FX DEBT-C$ stronger as crude oil gains help resource currency

Thu Apr 23, 2015 5:20pm EDT
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(Adds comment, updates prices to close)
    * Canadian dollar at C$1.2146, or 82.33 U.S. cents
    * Bond prices mixed across the maturity curve

    By Alastair Sharp
    TORONTO, April 23 (Reuters) - The Canadian dollar
strengthened against its U.S. counterpart on Thursday, as weak
U.S. economic data hurt the greenback and a rally in the price
of crude helped the loonie.
    "The pop in oil prices has provided a boost for Canada on a
generally weaker U.S. dollar index day," said Don Mikolich,
executive director for foreign exchange sales at CIBC World
    The Canadian dollar ended the session trading at
C$1.2146 to the greenback, or 82.33 U.S. cents, stronger than
the Bank of Canada's official close of C$1.2228, or 81.78 U.S.
cents on Wednesday.
    U.S. crude prices jumped 2.8 percent to $58.02, while
Brent crude rose 3.3 percent to $64.85. 
    Mikolich said that the loonie, as Canada's currency is
colloquially known, broke through a barrier around C$1.2170
during the session but would face further selling pressure
around C$1.2100.
    The currency's strongest level of the session was C$1.2121. 
Its weakest level was C$1.2269.
    A rise in U.S. jobless claims from last week, weak new home
sales data for March and subdued factory activity this month
weighed on the U.S. currency.
    Canadian government bond prices were mostly higher across
the maturity curve, with the two-year's price up 5.5
Canadian cents to yield 0.651 percent and the benchmark 10-year
 adding 15 Canadian cents to yield 1.489 percent.

 (Reporting by Solarina Ho; Editing by Nick Zieminski and Alan