CANADA FX DEBT-Canadian dollar slips as inflation data matches expectations - NewsBreak

* Canadian dollar weakens 0.2% against the greenback * Loonie trades in a range of 1.2540 to 1.2595 * Price of U.S. oil falls 1.2% * Canadian bond yields ease across the curve TORONTO, Nov 17 (Reuters) - The Canadian dollar weakened to a five-day low against its U.S. counterpart on Wednesday as oil prices fell and domestic data showed inflation climbing as expected to the highest since February 2003. Canada's annual inflation rate accelerated to 4.7% in October as energy prices jumped, data from Statistics Canada showed. The increase matched analysts estimates. The Bank of Canada says inflation risks have increased but continues to view the recent dynamics as transitory. The price of oil, one of Canada's major exports, declined after the International Energy Agency (IEA) and OPEC warned of impending oversupply and as COVID-19 cases in Europe increased the downside risks to demand recovery. U.S. crude prices fell 1.2% to $79.77 a barrel, while the Canadian dollar was trading 0.2% lower