CANADA FX DEBT-Canadian dollar weakens as stocks slide for second day

    * Canadian dollar falls 0.5% against the greenback
    * Price of U.S. oil rises 6.2%
    * Canadian bond yields trade mixed across a flatter curve

    TORONTO, May 1 (Reuters) - The Canadian dollar weakened
against its U.S. counterpart on Friday as global stock markets
fell for a second straight day and ahead of a joint news
conference that is expected to announce the Bank of Canada's new
    World stocks          pulled back further on grim U.S.
economic data and President Donald Trump's threat to impose new
tariffs on China over the coronavirus crisis.             
    Canada runs a current account deficit and is a major
exporter of commodities, including oil, so the domestic economy
tends to be dependent on the global flow of trade and capital.
    U.S. crude oil futures        were up 6.2% at $20.00 a
barrel as OPEC and its allies began a record output cut to
tackle a supply glut weighing on the market due to the
coronavirus crisis.             
    At 9:05 a.m. (1305 GMT), the Canadian dollar          was
trading 0.5% lower at 1.4016 to the greenback, or 71.35 U.S.
cents. The currency, which rose 0.8% in April, traded in a range
of 1.3936 to 1.4044.
    Canadian Finance Minister Bill Morneau and Bank of Canada
Governor Stephen Poloz will hold a press conference at 9:30 a.m.
(1330 GMT), where they will make "an important announcement",
the finance ministry said in a statement.             
    The Bank of Canada has not forgotten about financial
vulnerabilities as it responds to the coronavirus pandemic and
low oil prices, Poloz said on Thursday, noting the central
bank's balance sheet had tripled.                 
    Canadian bond yields were mixed across a flatter yield
curve, with the 10-year down 1.7 basis points at 0.531%.      

 (Reporting by Fergal Smith
Editing by Chizu Nomiyama)