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* Canadian dollar's six-session win streak snapped
* Lower oil prices blamed for currency's slide
* Bonds end higher ahead of Friday's jobs data
By Frank Pingue
TORONTO, Nov 5 (Reuters) - The Canadian dollar closed lower versus the U.S. dollar on Wednesday, ending a six-session win streak, as lower oil prices weighed on the commodity-sensitive currency ahead of the release of key jobs data later this week.
Canadian bond prices ended higher across the curve, rising with U.S Treasuries on weak U.S. economic data.
The Canadian dollar closed at C$1.1680 to the U.S. dollar, or 85.62 U.S. cents, down from C$1.1511 to the U.S. dollar, or 86.87 U.S. cents, at Tuesday's close.
A 7 percent drop in the price of oil, a key Canadian export whose price often dictates the currency's direction, was blamed for the currency's fall.
Another drag on the Canadian dollar was a U.S. report that showed private employers made their deepest job cuts in six years last month and companies' planned layoffs rose to their highest level in nearly five years.
Canadian October jobs data is due out on Friday. After an unexpected surge of 106,900 new jobs in September, analysts surveyed by Reuters expect a decline of 10,000 in October, and for the unemployment rate to rise to 6.2 percent from 6.1 percent.
"You got to expect that there is going to be some job losses in Canada as well," said David Bradley, director of foreign exchange trading at Scotia Capital. "So perhaps there could be a little more negativity for the Canadian dollar around the corner before the end of the week."
Another drag on the Canadian dollar was nagging fears of a global recession, which lessened investor interest in riskier assets and resulted in them snapping up greenbacks.
BONDS PINNED LOWER
Canadian bond prices all ended slightly higher across the curve as dealers took their cue from the bigger U.S. Treasuries market, which rallied after the employment report.
Gains were limited by sentiment that equity markets are on the way up despite Wednesday's stock losses.
"Data has been poor and equity markets, up until today, have been pretty happy. So the two are largely offsetting," said Mark Chandler, fixed income strategist at Royal Bank of Canada. "As well, people are looking ahead to what should be weak news with the labor reports."
Dealers were also awaiting the next batch of Canadian data. September's building permits and the Ivey Purchasing Managers Index for October are both set to be released on Thursday.
The two-year bond rose 1 Canadian cent to C$101.57 to yield 1.970 percent. The 10-year bond increased 10 Canadian cents to C$104.05 to yield 3.741 percent.
The yield spread between the two- and 10-year bond was 178 basis points, from 185 basis points at the previous close.
The 30-year bond ended up 30 Canadian cents at C$112.70 to yield 4.229 percent. In the United States, the 30-year Treasury yielded 4.136 percent. (Editing by Peter Galloway)