CANADA FX DEBT-C$ flat in quiet trading, focus on Fed minutes

Tue Nov 18, 2014 10:02am EST
 
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* Canadian dollar at C$1.1294, or 88.54 U.S. cents
    * Bond prices rise across the maturity curve

    By Solarina Ho
    TORONTO, Nov 18 (Reuters) - The Canadian dollar was steady
against the greenback in quiet trading on Tuesday as investors
held off making bets ahead of Wednesday's release of minutes
from the latest U.S. Federal Reserve policy meeting and with no
major domestic economic data on tap until week's end.
    A key U.S. Senate vote on Tuesday on approving the Keystone
XL oil pipeline project could move the commodities-linked
Canadian dollar, but any impact was not expected to be lasting.
The TransCanada Corp pipeline, if approved, would transport more
than 800,000 barrels per day of oil from the Alberta oil sands
to the U.S. Gulf Coast.
    At 9:15 a.m. EST (1415 GMT), the Canadian dollar 
was at C$1.1294 to the U.S. dollar, or 88.54 U.S. cents, steady
with Monday's finish of C$1.1296, or 88.53 U.S. cents.
    "It's been quiet so far this week. Volatility's been lower,
volume's been lower. The Canadian dollar's taking the backseat a
little bit," said David Bradley, director of foreign exchange
trading at Scotiabank.
    "There's some cross activity going through as well ... which
has been keeping us trapped in a bit of a range also."
    Canadian government bond prices rose across the maturity
curve, with the two-year up half a Canadian cent to
yield 1.003 percent, and the benchmark 10-year 
climbing 15 Canadian cents to yield 2.008 percent.

 (Reporting by Solarina Ho; Editing by Peter Galloway)