CANADA FX DEBT-C$ ekes out gain in narrow trading range
* C$ edges up to 99.07 U.S. cents
* Long-dated bonds stay lower after U.S. trade data
* Get used to upward pressure on C$: Flaherty (Updates to close)
By Ka Yan Ng
TORONTO, Dec 10 (Reuters) - The Canadian currency eked out a small gain against the U.S. dollar on Friday, trapped in the tightest trading range in several weeks and uninspired by firmer equity markets and data that showed the country's trade deficit shrank in October.
The currency remained stuck in its recent narrow band, moving in just a 21-point range during the North American session. The range has compressed in each of the last three sessions and it was the most compact span since Nov. 29 when the currency traded in a 48-point range.
The Canadian dollar finished at C$1.0094 to the greenback, or 99.07 U.S. cents, up from Thursday's close at C$1.0105 to the U.S. dollar, or 98.96 U.S. cents. For the week, the Canadian dollar fell 0.6 percent.
"The data this morning was fairly positive for Canada in the sense that exports are looking relatively strong. We have commodities very close to where they closed the day before and equities slightly stronger," said Camilla Sutton, chief currency strategist at Scotia Capital.
"So not a lot of real movement out of Canada. We're just sticking around parity but unable to really break through. We need a material catalyst to push us through the C$0.9980 level on a sustainable basis."
* Long-dated bonds stay lower after U.S. trade data
* Get used to upward pressure on C$: Flaherty (Updates to close)
By Ka Yan Ng
TORONTO, Dec 10 (Reuters) - The Canadian currency eked out a small gain against the U.S. dollar on Friday, trapped in the tightest trading range in several weeks and uninspired by firmer equity markets and data that showed the country's trade deficit shrank in October.
The currency remained stuck in its recent narrow band, moving in just a 21-point range during the North American session. The range has compressed in each of the last three sessions and it was the most compact span since Nov. 29 when the currency traded in a 48-point range.
The Canadian dollar finished at C$1.0094 to the greenback, or 99.07 U.S. cents, up from Thursday's close at C$1.0105 to the U.S. dollar, or 98.96 U.S. cents. For the week, the Canadian dollar fell 0.6 percent.
"The data this morning was fairly positive for Canada in the sense that exports are looking relatively strong. We have commodities very close to where they closed the day before and equities slightly stronger," said Camilla Sutton, chief currency strategist at Scotia Capital.
"So not a lot of real movement out of Canada. We're just sticking around parity but unable to really break through. We need a material catalyst to push us through the C$0.9980 level on a sustainable basis."
