CANADA FX DEBT-C$ pauses after big week; oil weighs

* Canadian dollar at C$1.2905, or 77.49 U.S. cents
    * Bond prices lower across the maturity curve

    TORONTO, July 15 (Reuters) - The Canadian dollar gained
against a string of major currencies but paused versus a rising
U.S. dollar on Friday, as reassuring Chinese data helped
sentiment while concerns about a global oil supply glut weighed
on the commodity-linked currency.
    The pause in the currency against the greenback comes after
it hit a nine-day high in the wake of the Bank of Canada's
somewhat optimistic update, which lengthened the odds of an
interest-rate cut this year. 
    Canadian factory sales fell more than expected in May,
sliding 1.0 percent from April on weakness in motor vehicles and
some energy products, data from Statistics Canada showed.
    Meanwhile, U.S. retail sales for June came in much stronger
than expected, and China's economic expansion in the second
quarter slightly exceeded expectations.  
    At 9:27 a.m. EDT (1327 GMT), the Canadian dollar 
was trading at C$1.2905 to the greenback, or 77.49 U.S. cents,
slightly weaker than the Bank of Canada's official Thursday
close of C$1.2898, or 77.43 U.S. cents.
    The Canadian currency's strongest level of the session was
C$1.2861, while the weakest was C$1.2922.
    The currency was outperforming the yen, euro and sterling as
well as the Australian and New Zealand dollars.
    Crude futures dipped toward $47 a barrel on concerns that a
persistent global glut of crude oil and refined products would
impede any further price recovery. 
    Britain's new prime minister said she would not trigger
formal divorce talks with the European Union until there is a
national consensus on the best approach. 
    Canadian government bond prices were lower across the
maturity curve, with the two-year down 4.5 Canadian
cents to yield 0.569 percent and the benchmark 10-year
 falling 37 Canadian cents to yield 1.097 percent.
    The Canada-U.S. two-year bond spread was -13.3 basis points,
while the 10-year spread was -47.1 basis points.

 (Reporting by Alastair Sharp; Editing by Lisa Von Ahn)