CANADA FX DEBT-Canadian dollar pares weekly gain as U.S. political uncertainty climbs

(Adds economist comments and details throughout; updates
prices)

* Canadian dollar falls 0.2% against the greenback

* Price of U.S. oil settles 4.3% lower

* The loonie gains 0.6% for the week

* Canadian bond yields trade mixed across a steeper curve

By Fergal Smith

TORONTO, Oct 2 (Reuters) – The Canadian dollar weakened
against the greenback on Friday as U.S. political uncertainty
pressured Wall Street and oil prices, but the loonie still
gained ground on the week, overcoming a rise in domestic
coronavirus cases.

The loonie was trading 0.2% lower at 1.3309 to the
greenback, or 75.14 U.S. cents, having traded in a range of
1.3277 to 1.3330. For the week, the loonie was up 0.6%.

The rising number of COVID 19 cases in Canada hampered the
loonie earlier this week but the currency has benefited from a
pull back in the U.S. dollar, said Hendrix Vachon, a senior

Read More