 week low at 1.4156 Price of U.S. oil decreases 1.8 Canadian bond yields rise across much of a steeper curve By Fergal Smith TORONTO, May 6 Reuters - The Canadian dollar sagged onWednesday to a near two-week low against its U.S. counterpartwhich staged a broad advance as the price of oil, one ofCanadas major exports, sank, taking some steam out of a recentrally. At 3:24 p.m. 1924 GMT, the Canadian dollar wastrading 0.6 lower at 1.4118 to the greenback, or 70.83 U.S.cents. The currency touched its weakest intraday level sinceApril 23 at 1.4156. Much of the Canadian dollars weakness came in concert withoil price declines, said Ronald Simpson, managing director,global currency analysis at Action Economics. Further pricedeclines would appear to be likely, which should continue toweigh on the CAD. U.S. crude oil futures rose close to a four-week highearly, on hopes for a recovery in demand as some countries easecoronavirus lockdowns. Then futures slid, down 1.8 to 24.11 abarrel, as U.S. crude inventories ticked up and gasoline demandremained below normal seasonal levels. The U.S. dollar rose as investors sought refuge insafe-haven currencies in the wake of dire global economicnumbers. U.S. private payrolls data showed a record of more than 20million jobs lost in April. Canada sends about 75 of itsexports to the United States. Economists expected Canadian data to show jobs plunged by 4million in April as non-essential business activity shut downacross the country, adding to a jobs decline of 1 million inMarch. The jobs report is due on Friday. Canadian bond yields rose across much of a steeper curve.The 10-year yield was up 5 basis points at 0.616after the U.S. Treasury Department sharply increased the size ofits long-dated debt auctions to finance its rapidly expandingdeficit. Reporting by Fergal Smith; Editing by Bernadette Baum andDavid Gregorio 