* Canadian dollar dips 0.1% against the greenback
* Canadian wholesale trade plunges 21.6% in April
* Canada adds 208,400 jobs in May, ADP data shows
* Canadian bond yields trade mixed across a flatter curve
TORONTO, June 18 (Reuters) - The Canadian dollar edged lower
against its U.S. counterpart on Thursday as investors worried
about a potential second wave of the coronavirus pandemic and
after domestic data showed a record plunge in wholesale trade
for the month of April.
Canadian wholesale trade fell 21.6% in April from March, led
by a decline in sales in the motor vehicles and motor vehicle
parts and accessories subsector as a result of shutdowns related
to the coronavirus outbreak, Statistics Canada said.
Separate data, from payroll services provider ADP, showed
that Canada added 208,400 jobs in May, when lockdowns to help
contain the pandemic began to ease. Still, there was a downward
revision to April data to show 2,361,714 jobs were lost.
Global stocks fell as an increase in new coronavirus cases
in some U.S. states and China crushed hopes of a swift world
economic comeback from the pandemic.
The price of oil, one of Canada's major exports, was
pressured by worries about fuel demand. U.S. crude prices
were down 0.2% at $37.89 a barrel.
The Canadian dollar was trading 0.1% lower at 1.3580
to the greenback, or 73.64 U.S. cents. The currency, which on
Monday hit a two-week low at 1.3685, traded in a range of 1.3521
to 1.3608.
Bank of Canada Deputy Governor Lawrence Schembri is due to
address the Greater Saskatoon Chamber of Commerce at 1:30 p.m.
(1730 GMT). Data on Wednesday showing a surprise annual decline
in the consumer price index has supported expectations for
continued low interest rates.
Canadian government bond yields were mixed across a flatter
curve on Thursday, with the 10-year yield down 1.9
basis points at 0.522%. On Monday, the 10-year yield hit a
one-month low at 0.468%.
(Reporting by Fergal Smith
Editing by Nick Zieminski)
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