CANADA FX DEBT-C$ weakens after U.S. ADP jobs data, Fed

* C$ at C$0.9959 vs US$, or $1.0041
    * U.S. ADP data, Fed outlook boost US$
    * Bond prices higher across curve
    * Reuters poll sees C$ near parity for next year

    By Jon Cook	
    TORONTO, April 4 (Reuters) - The Canadian dollar fell
against its U.S. counterpart on Wednesday after data showed the
U.S. private sector added more jobs than expected in March,
reinforcing a more upbeat outlook for the U.S. economy which has
strengthened the greenback against other major currencies.	
    U.S. private employers added 209,000 jobs in March,
suggesting the labor market is strengthening, a report by a
payrolls processor showed on Wednesday. Job gains for January
and February were also revised up to 182,000 and 230,000,
    The positive numbers reinforced the more upbeat tone seen in
minutes released on Tuesday from the U.S. Federal Reserve's
March policy meeting that suggested the appetite for another
dose of stimulus via quantitative easing, so-called QE3, has
eased as the U.S. economic recovery gains momentum.
    The improving American economy has helped boost the Canadian
currency this year, particularly as event risks in Europe have
subsided. But on Wednesday the greenback was firming against all
other major currencies.	
    "The Canadian dollar is actually depreciating less than many
other currencies compared to the U.S. dollar," said Charles
St-Arnaud, Canadian economist and currency strategist at Nomura
Securities International in New York.	
    Canada's dollar outperformed the euro, Swiss franc and
Australian and New Zealand dollars.	
    At 9:20 a.m. (1320 GMT), the Canadian dollar was at
C$0.9959 versus the U.S. currency, or $1.0041, down from
Tuesday's close at C$0.9904 against the U.S. dollar, or $1.0097.	
    The sharp move higher by the U.S. currency hurt commodities,
which are priced in U.S. dollars. U.S. crude futures lost $1.16
cents to $102.85, after falling by more than $1 in the previous
session. Gold prices fell more than 1 percent.  	
    The Canadian dollar has gained more than 2 percent this year
against the U.S. currency. A Reuters poll released on Wednesday
showed the Canadian dollar at exactly $1.00 in one, three and
six months from now. In a year, the currency is expected to
strengthen slightly to C$0.988 versus the U.S. dollar.
    "The Canadian economy should mildly outpace the recovery in
the U.S., which would keep the Canadian dollar stronger than the
U.S. (dollar)," said David Bradley, a director of foreign
exchange trading at Scotia Capital.	
    Canadian government bond prices were higher across the
curve, mimicking the rise in U.S. Treasuries that followed the
employment data and Fed minutes. 	
    Canada's 2-year bond was up 6 Canadian cents to
yield 1.231 percent, while the 10-year bond rose 58
Canadian cents to yield 2.131 percent.