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To: pallmer who wrote (4784)	1/15/2003 10:29:19 AM
From: pallmer	Respond to of 29600

-- Canada dollar rattled by unfounded Chretien rumors -- Bank of Canada: CANADA OPEN 1.5416 PREVIOUS CLOSE 1.5454 -------------------------------------------------------------- TORONTO, Jan 15 (Reuters) - The Canadian dollar was rattled on Wednesday by market rumors -- denied by the government -- that Prime Minister Jean Chretien would step down earlier than expected. The resignation rumors were sparked by news that Chretien -- who has in the past avoided news conferences -- would hold a press conference at 11 a.m. on Wednesday. The prime minister has now agreed to formal sit-down meetings with the press once a month. A Chretien spokeswoman said he had no plans to quit early. Chretien has said he will step down in February 2004. At 9:55 a.m. (1455 GMT), the Canadian dollar was at C$1.5387 to the U.S. dollar, or 64.99 U.S. cents, down from C$1.5406, or 64.91 U.S. cents, at Tuesday's North American close. "The rumors were enough to push the currency about a bit," said Jack Spitz, regional currency manager at National Bank of Canada. "The currency did move stronger on the rumor and it did back up on the denial of that rumor -- all very temporarily." Earlier, the Canadian dollar had softened against the U.S. currency as the greenback scrambled off recent lows and investors booked profits after a four-day rally to new six-month peaks. ((Reporting by Amran Abocar, editing by Colin Muncie; Reuters Messaging: amran.abocar.reuters.com@reuters.net; +416 941-8105, Email: amran.abocar@reuters.com)) For Reuters bond and money market pricing information double click on one of the following: <BOCWATZZ> Bank of Canada open, close, high/low <CAD=> Canadian dollar live quote, high/low <CDBN> Canadian bond prices <CDMM> <CDMN> <0#CAMMKT=> Canadian money market prices <CABONEA> Canada-U.S. spreads (live) <YLDS1> World yield index <CA30YT=RR> 30 year benchmark For the fixed-income market speed guides, double click on one of the following: <CA/MMKT1> <CA/MMKT2> <CA/DEBT> <BONDS> <TREASURY> For related news, double click on one of the following: [CAN] Canadian news [NAT] North American Treasuries news [M] Money news [D] Debt news [MF] Markets news [GVD] Government debt news [MMT] Money market news [INT] Interest rate news [CEN] Central bank news [CA/] Canadian bond market stories (C) Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN15193497 CAD/ CA/ 15-Jan-2003 15:18:30 GMT Source RTRS - Reuters News