* Canadian dollar weakens 1.2% against the greenback * Price of U.S. oil decreases 6% * Loonie trades in a range of 1.4000 to 1.4168 * Canadian bond yields fall across the curve TORONTO, March 30 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Monday as the price of oil fell and the greenback climbed against a basket of major currencies, with the loonie giving up some of the previous week's sharp gains. At 8:25 a.m. (1225 GMT), the Canadian dollar was trading 1.2% lower at 1.4154 to the greenback, or 70.65 U.S. cents. The currency, which on Friday touched an 11-day high at 1.3922, traded in a range of 1.4000 and 1.4168. Last week, the loonie rallied 3.1%, its biggest weekly gain since October 2009. U.S. crude oil futures on Monday were down 6% at $20.21 a barrel, while the U.S. dollar snapped a week of declines as investors braced for prolonged uncertainty and governments tightened lockdowns to fight the coronavirus. Canada will not allow anyone displaying symptoms of the COVID-19 respiratory illness to board domestic flights or inter-city passenger trains, Prime Minister Justin Trudeau said on Saturday, the latest travel restriction aimed at curbing the coronavirus outbreak. On Friday, Canada said it will cover 75% of wages for small businesses and the Bank of Canada cut its key interest rate to 0.25%, the lowest level in a decade, as officials sought to limit layoffs and bolster an economy hard hit by the coronavirus pandemic. The central bank also launched its first-ever quantitative easing program, saying it would buy government and commercial debt. Canadian bond yields fell across the curve, with the 10-year down 7.4 basis points at 0.662%. Canada's GDP report for January is due on Tuesday. (Reporting by Fergal Smith; Editing by Steve Orlofsky)
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