* Canadian dollar strengthens 0.2% against the greenback
* Canadian building permits values rise by 12.9% in November
* Price of U.S. oil falls 0.2%
* Canadian bond yields trade mixed across a flatter curve
TORONTO, Dec 24 (Reuters) - The Canadian dollar edged higher
against its U.S. counterpart on Thursday as Britain clinched a
narrow Brexit trade deal with the European Union and domestic
data showed a jump in the value of building permits.
The loonie was up 0.2% at 1.2827 to the greenback, or
77.96 U.S. cents, in thin holiday trading. It traded in a range
of 1.2819 to 1.2853, having recovered from a near three-week low
on Monday of 1.2955.
The safe-haven U.S. dollar dipped against a basket of
major currencies after the Brexit deal boosted risk appetite and
sterling , raising hopes the United Kingdom can avoid a
turbulent economic departure from the European Union at the end
of the year.
The price of oil , one of Canada's major exports, was
down 0.2% at $48.03 a barrel, giving back some of Wednesday's
rally.
After a volatile year for oil, the loonie has advanced less
than the other G10 currencies. It was up 1.2% since the start of
2020.
The value of Canadian building permits rose by 12.9% in
November from October, easily beating analyst estimates of a
3.0% gain, Statistics Canada data showed.
On Wednesday, a flash estimate from Statistics Canada showed
the economy grew by 0.4% in November, despite the COVID-19
resurgence and fresh restrictions, though economists warned a
drop back was coming.
Canadian government bond yields were mixed across a flatter
curve on Thursday, with the 10-year easing by about
half a basis point to 0.725%.
(Reporting by Fergal Smith; editing by Barbara Lewis)
.Source
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