* C$ higher at C$1.0178 vs US$, or 98.25 U.S. cents
* Surprise Sept trade surplus pushes C$ to session high
* Bonds lower across the curve
TORONTO, Nov 10 (Reuters) - The Canadian dollar got a lift on Thursday after Canada posted a surprise trade surplus in September, while global stocks, commodity and currency markets stabilized on easing euro zone concerns.
A surge in energy exports helped Canada post an unexpected trade surplus of C$1.246 billion ($1.22 billion) in September, the first of its kind since January 2011, Statistics Canada data indicated. [ID:N1E7A90DQ]
Market operators had predicted a deficit of C$570 million after a revised C$487 million deficit in August.
The rise in exports suggests a pick up in consumption, predominantly from the States, which would be seen as a positive for Canadian economic growth.
"It's a contributing factor to a market that is already entering North America on a bit more of a positive note -- compression in yields with respect to Italy, the lack of notably political or newsworthy disruptions," said Jack Spitz, managing director of foreign exchange at National Bank Financial.
"The market is looking a bit more optimistic and that optimism has reflected itself in overall offers to the U.S. dollar with the Canadian dollars attracting some bids."
At 9:17 a.m. (1417 GMT), the Canadian dollar
was
at C$1.0178 versus the greenback, or 98.25 U.S., after hitting
a session high of C$1.0168.On Wednesday, it closed at C$1.0217 or 97.88 U.S. cents.
The move higher on Thursday followed a 1.3 percent drop the day before on signs Italian borrowing costs reached a breaking point after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government opened the way to prolonged instability. [ID:nL6E7M93EM]
The euro rose on Thursday while world stocks held above a three-week trough on hopes new governments being formed in Italy and Greece could help fend off a euro zone break up. [MKTS/GLOB]
Canadian government bond prices fell alongside U.S. Treasuries, which dropped as global markets stabilized and on better-than-expected U.S. jobless claims data. [US/]
The two-year Canadian government bondedged 6 Canadian cents lower to yield 0.933 percent, while the 10-year bond dropped 45 Canadian cents to yield 2.138 percent.
($1=$1.02 Canadian) (Editing by Jeffrey Hodgson)
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