CANADA FX DEBT-C$ gains slightly, set for first weekly gain since Oct

Thu Dec 24, 2015 9:01am EST
 
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* Canadian dollar at C$1.3849, or 72.21 U.S. cents
    * Bond prices higher across the maturity curve

    TORONTO, Dec 24 (Reuters) - The Canadian dollar strengthened
slightly against a broader weaker U.S. dollar on Thursday,
helped by an uptick in the price of oil as it was poised for its
first weekly advance since October.
    The loonie, as Canada's currency is colloquially known,
traded in a tight range early in the last session before
Christmas.
    * At 8:48 a.m. EST (1348 GMT), the Canadian dollar 
was at C$1.3849 to the greenback, or 72.21 U.S. cents, stronger
than Wednesday's official close of C$1.3857, or 72.17 U.S.
cents.
    * The currency's strongest level of the session was
C$1.3841, while its weakest was C$1.3873.
    * Oil edged further above $37 a barrel but remained within
sight of an 11-year low reached earlier this week, as signs of a
tighter U.S. market raised hopes a supply glut would ease. U.S.
crude prices were up 0.77 percent to $37.79 a barrel,
while Brent crude added 0.59 percent to $37.58. 
    * The Canadian dollar was underperforming most of its other
key currency counterparts.
    * Canadian government bond prices were higher across the
maturity curve, with the two-year price up half a
Canadian cent to yield 0.503 percent and the benchmark 10-year
 rising 17 Canadian cents to yield 1.397 percent.

 (Reporting by Alastair Sharp; Editing by Bernadette Baum)