CANADA FX DEBT-C$ up for 9th straight session, hits 5-mth high
* C$ ends at 97.48 U.S. cents, 9th straight up day
* Backtracks after hitting highest level since October
* Increased view that C$ could test parity
* Bonds fall as eyes on supply calendar (Adds details)
By Ka Yan Ng
TORONTO, March 10 (Reuters) - The Canadian dollar ended stronger for a ninth straight session against the U.S. dollar after touching its highest level in almost five months on Wednesday, helped by talk it is set to test parity with the greenback.
Boosted by firm oil prices and the prospect of rising Canadian interest rates, the currency extended as high as C$1.0216 to the U.S. dollar, or 97.89 U.S. cents, before retreating.
It closed at C$1.0259 to the U.S. dollar, or 97.48 U.S. cents, up slightly from C$1.0264 to the U.S. dollar, or 97.43 U.S. cents, at Tuesday's close.
For the last nine sessions, the Canadian dollar has tested the stronger end of the roughly C$1.02 to C$1.07 trading band it has held for the past five months. Analysts said this may signal the Canadian dollar has momentum to head higher. Continued...