* Canadian dollar falls 0.3% against the greenback
* Price of U.S. oil slides 4.8%
* The loonie is on track to gain 0.4% for the week
* Canadian bond yields edge lower across the curve
TORONTO, Oct 2 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday after news that U.S. President Donald Trump tested positive for COVID-19 pressured stocks and the price of oil, with the loonie giving up some of this week's gains.
U.S. stock index futures tumbled and U.S. crude CLc1 prices were down 4.8% at $36.85 a barrel, with Washington's failure to reach a new fiscal stimulus deal compounding the impact of increased political uncertainty just four weeks before U.S. elections. also weighed data showing U.S. job growth slowed more than expected in September. Canada sends about 75% of its exports to the United States, including oil.
The Canadian dollar CAD= was trading 0.3% lower at 1.3325 to the greenback, or 75.05 U.S. cents, having traded in a range of 1.3277 to 1.3329. For the week, the loonie was up 0.4%.
It is set to gain further ground against its U.S. counterpart in a year as an expected recovery in the global economy from the coronavirus crisis improves the outlook for commodity prices, a Reuters poll showed. on Thursday launched a C$10 billion, three-year infrastructure plan it said would help the country create jobs and recover from the economic slump caused by the pandemic. government bond yields edged lower across the curve in sympathy with U.S. Treasuries on Friday. The 10-year CA10YT=RR was down 1 basis point at 0.542%.