December 3, 2019 / 3:14 PM / 5 days ago

CANADA FX DEBT-C$ holds near multi-week low as trade deal hopes ebb

    * Canadian dollar trades near flat against the greenback
    * Price of U.S. oil decreases by 0.4%
    * Canadian bond prices rise across a flatter yield curve

    TORONTO, Dec 3 (Reuters) - The Canadian dollar was little
changed against the greenback on Tuesday, holding near its
weakest level since October as investors worried that a
U.S.-China trade deal would be delayed and awaited a Bank of
Canada interest rate decision this week.
    Global stock markets          fell after President Donald
Trump said a trade agreement with China might have to wait until
after the U.S. presidential election in November 2020, denting
hopes of a resolution soon to a dispute that has weighed on the
world economy.              
    The Bank of Canada, which is expected to leave its benchmark
interest rate unchanged on Wednesday at 1.75%, has expressed
concern that trade uncertainty could hurt Canada's
commodity-linked economy.
    The loonie has been pressured since October by a more dovish
stance from the central bank.    
    At 9:51 a.m. (1451 GMT), the Canadian dollar          was
trading nearly unchanged at 1.3311 to the greenback, or 75.13
U.S. cents. The currency traded in a range of 1.3283 to 1.3321.
    Less than two weeks ago, the loonie hit its weakest intraday
level since Oct. 10 at 1.3328.
    The price of oil, one of Canada's major exports, fell on
Tuesday, with U.S. crude oil futures        down 0.4% at $55.73
a barrel.
    Canadian government bond prices were higher across a flatter
yield curve in sympathy with U.S. Treasuries. The two-year
           rose 6.5 Canadian cents to yield 1.576% and the
10-year             was up 64 Canadian cents to yield 1.464%.

 (Reporting by Fergal Smith; editing by Jonathan Oatis)
  
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