CANADA FX DEBT-Canadian dollar edges lower as oil prices slip on China virus scare

    * Oil falls below $62 on China virus concerns
    * Canadian govt bond prices rise across the maturity curve

    By Saqib Iqbal Ahmed
    NEW YORK, Jan 24 (Reuters) - The Canadian dollar edged lower
against its U.S. counterpart on Thursday, lingering close to the
one-month low hit in the previous session, as the coronavirus
outbreak weighed on oil prices.
    The price of oil, one of Canada's major exports, fell below
$62 a barrel on Friday and headed for a weekly decline on
concern that the coronavirus in China may spread, curbing travel
and oil demand.                              
    At 9:07AM EST (1407 GMT), the Canadian dollar          was
trading down about 0.02% at 1.3131 to the greenback, or 76.16
U.S. cents.
    On Wednesday, the loonie came under pressure after the Bank
of Canada (BoC) left its benchmark interest rate on hold at
1.75% as expected but said a future cut was possible should a
recent slowdown in domestic growth persist.             
    "We've seen before how BoC meetings can result in lengthy
trends for USD/CAD, lasting at least until the next BoC meeting.
I think we may well have one of those scenarios now as well, so
I wouldn’t necessarily fade the move at this point," Marshall
Gittler, chief strategist at ACLS Global, said in a note.
    The loonie has fallen about 1% since the start of the year
after climbing 5% in 2019, when it was the top-performing G10
    Canadian retail sales were up 0.9% in November from October
at C$51.48 billion ($39.19 billion), on stronger sales at motor
vehicle and parts dealers, as well as food and beverage stores,
Statistics Canada said on Friday.             
    Canadian government bond prices rose across the maturity
curve, with the two-year            price up 0.9 Canadian cent
to yield 1.514% and the benchmark 10-year             rising 16
Canadian cents to yield 1.396%.

 (Reporting by Saqib Iqbal Ahmed; Editing by David Gregorio)