March 22, 2017 / 2:18 PM / in 8 months

CANADA FX DEBT-C$ weaker as oil prices weigh

    * Canadian dollar at C$1.3382 or 74.73 U.S. cents
    * Bond prices higher across the maturity curve

    TORONTO, March 22 (Reuters) - The Canadian dollar weakened
against its U.S. counterpart on Wednesday after oil prices hit
their lowest level since November following data which showed
U.S. crude inventories had risen faster than expected.
    U.S. crude        prices were down 1.20 percent to $47.66 a
barrel, while Brent crude         lost 1.24 percent to
$50.33.     . Oil is one of Canada's leading exports.
    At 9:23 a.m. ET (1323 GMT), the Canadian dollar          was
trading at C$1.3382 to the greenback, or 74.73 U.S. cents,
weaker than the Bank of Canada's official close on Tuesday of
C$1.3359, or 74.86 U.S. cents.
    The currency's strongest level of the session was C$1.3348,
while its weakest level was C$1.3409.
    Canadian government bond prices were higher across the
maturity curve, with the two-year            price up 2 Canadian
cents to yield 0.78 percent and the benchmark 10-year
            rising 19 Canadian cents to yield 1.682 percent.
    Canada's Finance Minister Bill Morneau will give an update
on the country's fiscal deficit and is expected to flesh out
plans to stimulate economic growth when he releases the federal
government's budget later on Wednesday.             
    Canada's inflation report for February is due on Friday.

 (Reporting by Matt Scuffham  Editing by W Simon)
  
 

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