Loonie heads for a weekly decline of 0.9
Canada39;s economy adds 63,800 jobs in September
Price of U.S. oil dips 0.2
Canadian bond yields rise across curve

TORONTO, Oct 6 Reuters The Canadian dollar was little changed against its U.S. counterpart on Friday but was headed for a weekly decline as strongerthanexpected U.S. and Canadian jobs data added to recent upward pressure on bond yields.

The loonie was trading nearly unchanged at 1.3705 to the greenback, or 72.97 U.S. cents, after trading in a range of 1.3684 to 1.3744.

On Thursday, the loonie touched its weakest level in six months at 1.3785, while it was on track to decline 0.9 for the week as the spike in bond yields rattled investors globally.

Canada39;s economy more than tripled expectations by adding 63,800 jobs in September and wages continued to soar, data showed, upping the chances for another rate hike.

With today39;s report, higher for longer interest rates from the Bank of Canada looks reasonable, said Michael Greenberg, a portfolio manager at Franklin Templeton Investment Solutions.

Money markets see a 40 chance of a tightening at the BoC39;s next policy announcement on Oct. 25, up from 28 before the data.

U.S. job growth also surged in September, boosting the greenback against a basket of major currencies.

Analysts are sticking to their bullish forecasts on the Canadian dollar for the coming year, maintaining that the currency is undervalued and could benefit from Canada39;s close economic…