CANADA FX DEBT-C$ snaps higher on U.S. data, Greek hope
* C$ climbs to C$0.9960 vs US$, or $1.0040
* Bond prices edge lower
By Jennifer Kwan
TORONTO, Feb 16 (Reuters) - The Canadian dollar was higher against the greenback on Thursday afternoon, surging up from a two-week low earlier in the day on upbeat U.S. economic data and optimism that European leaders could be nearing a deal to avoid a Greek debt default.
The currency followed overseas equity markets and the euro higher after a euro zone official said EU leaders were putting the finishing touches on a second debt bailout for Greece.
Also supporting the currency was firmness in U.S. stocks, which rose on upbeat U.S. jobs, manufacturing and housing data.
"The Canadian dollar is up almost a cent from its lows this morning, the euro had a huge rally and commodities have had a strong performance," said Blake Jespersen, a managing director of foreign exchange sales at BMO Capital Markets.
"All that helped lift the Canadian dollar. Not a Canadian dollar story, but it did follow the moves in other commodity-based currencies and the overall risk sentiment."
At 1:25 p.m. (1825 GMT) the Canadian dollar stood at C$0.9960 versus the U.S. dollar, or $1.0040, up from Wednesday's North American close of C$0.9991 versus the U.S. dollar, or $1.0009. Continued...