CANADA FX DEBT-C$ strengthens to a 2-week high on GDP data, oil

* Canadian dollar at C$1.3036, or 76.71 U.S. cents
    * Loonie touches its strongest since Jan. 17 at $1.3035
    * Bond prices slightly higher across much of the yield curve

    TORONTO, Jan 31 (Reuters) - The Canadian dollar strengthened
to a two-week peak against its U.S. counterpart on Tuesday,
supported by higher oil prices and domestic data that showed the
economy expanded more than expected in November.
    The Canadian economy grew 0.4 percent in November from
October, pushed up in part by a rebound in manufacturing,
Statistics Canada data indicated.
    "The headline beat a little bit and the breadth was pretty
decent ... on balance it was a pretty solid report," said Derek
Holt, head of capital markets economics at Scotiabank.
    The U.S. dollar was on course for its worst start to
a year in more than a decade after a trade adviser to U.S.
President Donald Trump added to signs the new administration may
be trying to talk its currency down.    
    U.S. crude prices were up 1.18 percent at $53.25 a
barrel after news that OPEC oil production has fallen by more
than 1 million bpd this month, pointing to a strong start by the
exporter group in implementing its first supply cut deal in
eight years.
    Oil is one of Canada's major exports.
    At 9:08AM ET (1408 GMT), the Canadian dollar was
trading at C$1.3036 to the greenback, or 76.71 U.S. cents,
stronger than Monday's close of C$1.3120, or 76.22 U.S. cents.
    The currency's weakest level of the session was C$1.3124,
while it touched its strongest since Jan. 17 at $1.3035.
    Bank of Canada Governor Stephen Poloz will give a speech on
economic modeling and monetary policy. The central bank will
release his prepared remarks at 17:20 p.m. ET (2220 GMT).
    Earlier this month, Poloz said an interest rate cut remained
"on the table" if the risks facing the country are realized,
warning there would be "material consequences" if Trump enacts
protectionist policies.
    "I would expect him to repeat a fairly cautious, dovish
message, keyed off of, in part, the trade policy uncertainty,"
Holt said. 
    Canadian government bond prices were slightly higher across
much of the yield curve ahead of Poloz's speech and an interest
rate decision from the U.S. Federal Reserve on Wednesday.
    The two-year rose 1 Canadian cent to yield 0.791
percent and the 10-year gained 5 Canadian cents to
yield 1.778 percent.
    In other domestic data, producer prices rose by 0.4 percent
in December from November, largely due to higher prices for
energy and petroleum products. 

 (Reporting by Fergal Smith; Editing by Meredith Mazzilli)