(Adds strategist quotes and details throughout; updates prices)
* Canadian dollar rises 0.2% against the greenback
* Loonie hits its strongest since Nov. 9 at 1.2972
* For the week, the loonie gains 0.9%
* Canadian bond yields ease across much of the curve
By Fergal Smith
TORONTO, Nov 27 (Reuters) - The Canadian dollar strengthened to a near three-week high against its U.S. counterpart on Friday, as the greenback broadly declined in thinner than usual trading conditions following the previous day's U.S. Thanksgiving holiday.
The loonie CAD= was trading 0.2% higher at 1.2983 to the greenback, or 77.02 U.S. cents, having touched its strongest intraday level since Nov. 9 at 1.2972. For the week, the currency was up 0.9%.
"The move in the CAD is in sync with what we're observing in most other developed market currencies. That's a reflection of the weaker USD," said Bipan Rai, North America head, FX strategy at CIBC Capital Markets.
"Thinner than usual liquidity" during the North American trading session contributed to the move, Rai said.
The U.S. dollar .DXY hit its lowest level in almost three months, after strong economic data from China favored commodity currencies over safe havens and equity markets continued their rally. is a major exporter of commodities, including oil.
U.S. crude oil futures CLc1 settled 18 cents lower at $45.53 a barrel but still notched its fourth straight week of gains ahead of an OPEC+ meeting early next week. next week will reveal the breadth of the emergency spending it has made during the pandemic and lay the groundwork for future stimulus and social measures, like a national childcare program, government sources told Reuters. country's economy could rebound faster than expected if consumer spending jumps in the wake of a successful coronavirus vaccination effort, Bank of Canada Governor Tiff Macklem said on Thursday. government bond yields eased across much of the curve on Friday, with the 10-year yield CA10YT=RR down 1.4 basis points at 0.677%.