CANADA FX DEBT-Canadian dollar steadies ahead of remarks from BoC’s Macklem

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    * Loonie trades in range of 1.2428 to 1.2459
    * Price of U.S. oil rises 0.3%
    * Canadian bond yields ease across curve

    TORONTO, Nov 9 (Businesshala) - The Canadian dollar barely moved
against its U.S. counterpart on Tuesday as investors weighed
U.S. inflation data ahead of comments by some senior Bank of
Canada officials, including Governor Tiff Macklem.
    U.S. producer prices increased solidly in October,
indicating that high inflation could persist for a while amid
tight supply chains related to the pandemic.             
    The price of oil, one of Canada's major exports, rose for a
third session, as the U.S. lifting of travel restrictions and
more signs of a global post-pandemic recovery boosted the demand
outlook.             
    U.S. crude        prices were up 0.3% at $82.21 a barrel,
while the Canadian dollar        was trading nearly unchanged at
1.2446 to the greenback, or 80.35 U.S. cents.
    The currency traded in a range of 1.2428 to 1.2459. On
Friday it touched its weakest level in more than three weeks at
1.2479.           
    Bank of Canada Deputy Governor Paul Beaudry will give
opening remarks to a lecture as the central bank hosts its
annual economic conference. The remarks are due at 12:10 p.m. ET
(1710 GMT).
    At 5:45 p.m. ET, Macklem will give closing remarks at a
joint conference of the Federal Reserve Board, Bank of England,
European Central Bank and Bank of Canada on diversity and
inclusion in economics, finance and central banking.
    The BoC risks cutting short the current economic expansion
if it shifts its focus from reducing slack in the economy to
tamping down inflation, potentially setting the stage for the
next cycle of rate cuts.             
    Canadian government bond yields were lower across the curve,
tracking the move in U.S. Treasuries. The 10-year            
eased 4.1 basis points to 1.588%, pulling back from a
2-1/2-month high earlier this month at 1.766%.

 (Reporting by Fergal Smith
Editing by Mark Heinrich)
  
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