CANADA FX DEBT-C$ rises as oil climbs; markets await BoC
* C$ up at 90.91 U.S. cents
* Await Mark Carney speech for any comments on C$ rise
* Bonds mostly lower ahead of Ottawa's fiscal update (Recasts, adds details, quotes)
By Jennifer Kwan
TORONTO, June 11 (Reuters) - The Canadian dollar rose against the U.S. dollar on Thursday morning, lifted in part by firmer equities and oil prices, but the market was awaiting any commentary by the Bank of Canada on the currency's recent rally.
At 10:43 a.m. (1443 GMT), the Canadian dollar was at C$1.1000 to the U.S. dollar, or 90.91 U.S. cents, up from Wednesday's finish at C$1.1080 to the U.S. dollar, or 90.25 U.S. cents.
A speech by Bank of Canada Governor Mark Carney on Thursday and a subsequent news conference would be "watched keenly" for any commentary on the Canadian dollar's recent rise, said Derek Holt, an economist at Scotia Capital.
"Is its rise sustainable; how much of it is driven by fundamentals versus overshooting; how long do they think it'll stick going on into next year; and what are the updated estimates on its impact on the Canadian economy?" said Holt.
"There's a tremendous scope for market impact on any comments from that." Continued...