for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CANADA FX DEBT-Canadian dollar adds to weekly gain after shock jobs rebound

    * Canadian dollar gains 0.6% against the greenback
    * Canada adds 290,000 jobs in May
    * Loonie touches its strongest since March 6 at 1.3395
    * Canada's 10-year yield rises to its highest since
mid-April

    TORONTO, June 5 (Reuters) - The Canadian dollar strengthened
to a three-month high against the greenback on Friday and was on
track to gain more than 2% for the week after data showing a
surprise rebound in domestic and U.S. jobs supported investor
optimism about economic recovery.    
    Canada's economy gained 290,000 jobs in May, largely in
full-time work, after a record-breaking jobs loss of nearly 2
million in April, data from Statistics Canada showed. Analysts
had expected the economy to lose 500,000 jobs in May.
            
    U.S. data also showed a surprise jobs gain, while shares on
Wall Street        climbed about 2% in early trade.             
    The Canadian dollar        was trading 0.6% higher at 1.3419
to the greenback, or 74.52 U.S. cents. The currency, which was
up 2.6% for the week, touched its strongest intraday level since
March 6 at 1.3395.
    The gain for the loonie came as the price of oil, one of
Canada's major exports, rallied. U.S. crude oil futures       
were up 3.9% at $38.88 a barrel after OPEC decided to move up
discussions on whether to extend record production cuts to
Saturday, indicating that some laggard countries may have agreed
to align themselves with the deal.             
    Canadian government bond yields were higher across the curve
in sympathy with U.S. Treasuries. The 10-year             rose
6.8 basis points to 0.747%, its highest since April 14.

 (Reporting by Fergal Smith; editing by Jonathan Oatis)
  
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up