CANADA FX DEBT-C$ creeps up ahead of Greek vote, Fed meeting

* C$ ends at C$1.0222 vs US$, or 97.82 U.S. cents
    * C$ finishes week 0.3 percent higher
    * Bond prices rally ahead of Greek vote

    By Claire Sibonney	
    TORONTO, June 15 (Reuters) - The Canadian dollar ended
slightly firmer against the greenback on Friday, supported by
talk of collective action from global central banks if Sunday's
Greek election results spark financial market turmoil.	
    Riskier assets started to rally on Thursday after G20
officials told Reuters that major central banks stood ready to
stabilize financial markets by providing liquidity if the
election result causes any adverse fallout. 	
    "It's definitely had an impact. ... I think it's put some
jittery investors at ease," said Mark Frey, chief market
strategist at Cambridge Mercantile Group in Victoria, British
Columbia. "If we went back two or three weeks, there was this
building sense that this could get really, really ugly."	
    On Friday, central banks from Tokyo to London checked their
ammunition in preparation for any turmoil from Greece's
election, with the European Central Bank hinting at an interest
rate cut and Britain set to open its coffers. 	
    "Everyone's bias heading into the Greek election this
weekend, especially at the beginning of the week, was naturally
that we would see some upward drift in dollar/Canada towards the
close of the week, and that really hasn't materialized," Frey
    In fact, currency speculators cut their bets in favor of the
U.S. dollar for the first time in six weeks in the latest week,
according to data from the Commodity Futures Trading Commission
released on Friday. 	
    The Canadian dollar ended the North American
session at C$1.0222 versus the U.S. dollar, or 97.82 U.S. cents,
up from Thursday's North American session close at C$1.0238, or
97.68 U.S. cents. The currency ended the week 0.3 percent
    Frey put near-term resistance for the Canadian dollar around
C$1.0220-25 and support around C$1.0310-15.	
    North American economic data on Friday did little to inspire
a bigger display of confidence. A gauge of manufacturing in New
York state fell sharply in June, though it still showed growth,
while a read on U.S. consumer sentiment was also below consensus
    In Canada, figures showed that despite warnings from the
central bank, Canadians are continuing to pile up debt at a
record pace, while manufacturing data signaled softness in the
    Following the Greek election, markets will be paying close
attention to the U.S. Federal Reserve's policy meeting on
Tuesday and Wednesday.	
    "While all the hoopla is about Greece, I think the more
important event is going to be next week's FOMC. People are
gingerly adding risk  on the assumption the Fed will stimulate
growth," said John Curran, senior vice president at
    Canadian bond prices rallied across the curve, tracking U.S.
Treasuries higher as investors positioned ahead of the Greek
    Canada's two-year bond was up 16 Canadian cents
to yield 0.970 percent, while the benchmark 10-year bond
 climbed 61 Canadian cents, yielding 1.732 percent.