* Canadian dollar retreats 0.1 percent against the greenback
* Canada adds 11,200 jobs in October
* Price of U.S. oil falls 0.9 percent
* Canadian bond prices trade mixed across steeper yield curve
By Fergal Smith
TORONTO, Nov 2 (Reuters) - The Canadian dollar dipped against the greenback on Friday, retreating from an earlier one-week high, after the release of domestic jobs and trade data that was not strong enough to raise bets for another Bank of Canada interest rate hike next month.
The Canadian economy added 11,200 jobs in October on higher full-time hiring, and the unemployment rate dipped to 5.8 percent, although wage growth was sluggish, Statistics Canada data indicated. data showed that Canada's trade deficit in September shrank to C$416 million as imports fell at a faster pace than exports, while August imports had been almost C$1 billion higher than initially reported. are still in an environment where the path is towards higher rates," said Andrew Kelvin, senior rates strategist at TD Securities. "But nothing here suggests the Bank of Canada is behind the curve."
Last week, the central bank raised its key interest rate by 25 bps to a level of 1.75 percent, its fifth hike since July 2017. Chances of another hike in December were little changed at about 30 percent after the data. BOCWATCH
At 9:12 a.m. (1312 GMT), the Canadian dollar CAD=D4 was trading 0.1 percent lower at 1.3102 to the greenback, or 76.32 U.S. cents. The currency touched its weakest intraday since Oct. 25 at 1.3050.
The loonie's decline came as a stronger-than-expected U.S. jobs gain helped support the greenback .DXY .
U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December. stocks advanced as U.S. President Donald Trump fueled hopes of a renewed dialogue between Washington and China for resolving their bilateral trade issues. is a major exporter of commodities, including oil, so its economy could benefit from an improved outlook for global trade.
U.S. crude CLc1 prices were down 0.9 percent at $63.12 a barrel. Oil has been pressured this week by fears of global oversupply. government bond prices were mixed across a steeper yield curve, with the two-year CA2YT=RR up 0.5 Canadian cent to yield 2.337 percent and the 10-year CA10YT=RR falling 10 Canadian cents to yield 2.506 percent.