CANADA FX DEBT-C$ little changed as traders await corrected jobs data

Wed Aug 13, 2014 9:43am EDT

* Canadian dollar at C$1.0925 or 91.53 U.S. cents
    * Bond prices higher across the maturity curve

    By Solarina Ho
    TORONTO, Aug 13 (Reuters) - The Canadian dollar was little
changed on Wednesday against its U.S. counterpart, as traders
tread cautiously following news from the country's statistical
agency that it would be restating July's employment report.
    The currency had strengthened briefly after an unexpectedly
flat U.S. retail sales report indicated a moderation in consumer
spending early in the current quarter and pressured the U.S.
dollar.
    In Canada, data showed that home prices rose in July and the
pace of 12-month home price appreciation accelerated, according
to the Teranet-National Bank Composite House Price Index.
 
    The Canadian dollar has mostly held within a relatively
narrow range between C$1.0877 and C$1.0986 over the last 10
sessions and that is unlikely to change ahead of corrected
employment figures from Statistics Canada on Friday.
    "We've had all these currencies stuck in some fairly tight
ranges ... and that's kind of continuing," said Camilla Sutton,
chief currency strategist at Scotiabank.
    "A lot of traders are quite focused on what Friday's
employment release will really mean and what the error is."
    The Canadian dollar, which was generally weaker
against most other major currencies, was trading at C$1.0925 to
the greenback, or 91.53 U.S. cents. This was little changed from
Tuesday's close at C$1.0922, or 91.56 U.S. cents.
    The U.S. retail sales data, which accounts for a third of
U.S. consumer spending, was the weakest reading since January,
and could see the Federal Reserve in no rush to start hiking
interest rates. 
    Canadian government bond prices were higher across the
maturity curve, with the two-year bond up 3 Canadian
cents to yield 1.070 percent and the benchmark 10-year
 bond rising 22 Canadian cents to yield 2.091
percent.

 (Reporting by Solarina Ho; Editing by Nick Zieminski)
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