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CANADA FX DEBT-C$ slightly weaker as all eyes on Trump

Published 2017-01-11, 09:12 a/m
© Reuters.  CANADA FX DEBT-C$ slightly weaker as all eyes on Trump
USD/CAD
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CA2YT=RR
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CA10YT=RR
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* Canadian dollar at C$1.3235, or 75.56 U.S. cents

* Bond prices mostly higher across the maturity curve

TORONTO, Jan 11 (Reuters) - The Canadian dollar weakened slightly against its U.S. counterpart early on Wednesday, with investors bracing for clues about U.S. President-elect Donald Trump's likely trade, tax and fiscal policy direction at a morning news conference.

The loonie, as the currency is colloquially known, has settled at the strong end of a recent range in the last few trading sessions.

At 8:49 a.m. ET (1349 GMT), the Canadian dollar CAD=D4 was trading at C$1.3235 to the greenback, or 75.56 U.S. cents, weaker than the Bank of Canada's official Tuesday close of C$1.3227, or 75.60 U.S. cents.

The currency's strongest level of the session was C$1.3219, while its weakest was C$1.3255.

Canadian government bond prices were mostly higher across the maturity curve, with the two-year CA2YT=RR up half a Canadian cent to yield 0.75 percent and the benchmark 10-year CA10YT=RR adding 9 Canadian cents to yield 1.671 percent.

Prices for oil, a major Canadian export, rose for the first time in three days following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check. O/R

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