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CANADA FX DEBT-Canadian dollar flat after notching 11-day high

    (Corrects final paragraph to show that the 10-year yield hit
its lowest in nearly two weeks last Thursday)
    * Loonie touches strongest level since June 16 at 1.2865
    * Price of U.S. oil falls 0.5%
    * Canadian bond yields rise across curve

    TORONTO, June 27 (Reuters) - The Canadian dollar was little
changed against its U.S. counterpart on Monday, holding on to
its gains from Friday, as the recent pullback in commodity
prices and bond yields bolstered investor sentiment.
    World shares built on Friday's strong Wall Street close, as
investors stuck to hopes that central banks would not need to
hike interest rates as aggressively as feared to tame high
inflation.
    Canadian Finance Minister Chrystia Freeland on Sunday said
the economy still has a path to a "soft landing," where it could
stabilize economically after the blow by the COVID-19 pandemic,
without facing a severe recession that many fear.
    The Canadian dollar        was trading nearly unchanged at
1.2896 to the greenback, or 77.54 U.S. cents, after touching its
strongest level since June 16 at 1.2865.
    Still, speculators have cut their bullish bets on the
Canadian dollar, data from the U.S. Commodity Futures Trading
Commission showed on Friday. As of June 21, net long positions
had fallen to 4,105 contracts from 23,202 in the prior week.

    The price of oil, one of Canada's major exports, fell as
investors waited for any moves against Russian oil and gas
exports that might come out of a meeting of leaders of the Group
of Seven (G7) nations in Germany.
    U.S. crude        prices were down 0.5% at $107.05 a barrel.
    Canadian government bond yields were higher across the
curve, tracking the move in U.S. Treasuries. The 10-year
            rose 3.8 basis points to 3.371%, after touching last
Thursday its lowest in nearly two weeks at 3.224%.

 (Reporting by Fergal Smith
Editing by Paul Simao)

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