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CANADA FX DEBT-C$ firms on Aussie strength, focus on end of week

* C$ at C$1.0411 vs US$, or 96.05 U.S. cents

* Aussie strength lifts commodity currencies

* Investors focus on ECB, North American employment data

* Canadian bond prices rise across the curve

By Andrea Hopkins

TORONTO, Nov 4 (Reuters) - The Canadian dollar firmed in

early trading on Monday as a stronger Australian dollar lifted

other commodity-linked currencies and traders looked to the end

of the week for direction on European central bank policy and

U.S. payrolls.

The Australian and New Zealand dollars were modestly higher

across the board, underpinned by encouraging local data and

extended weakness in the euro. The Aussie drew comfort from a

flurry of mostly supportive data, the most important of which

was a strong lift in September retail sales.

"We've seen a big move in the Aussie overnight, which was

really domestically driven, but it seems to have taken the other

commodity currencies with it. So it has spilled over from Aussie

into the (Canadian dollar) and Kiwi and generally into a softer

U.S. dollar picture," said Adam Cole, global head of FX strategy

at Royal Bank of Canada in London.

At 9:30 a.m. ET (1430 GMT), the Canadian dollar was

at C$1.0411 versus the U.S. dollar, or 96.05 U.S. cents,

stronger than Friday's North American session close at C$1.0427

versus the greenback, or 95.90 U.S. cents.

Cole said the currency was expected to maintain a range

between C$1.0380 to C$1.0420, well off last week's lows, when

the Canadian dollar sank to C$1.0475, or 95.47 U.S. cents, after

the Bank of Canada dropped its tightening bias and investors

shifted expectations for a rate hike well into 2015.

The focus this week is on the European Central Bank and U.S.

and Canadian employment data. A drop in euro zone inflation to

well below the ECB's target level and firm money market rates

have convinced many investors that a shift in ECB policy is on

the way and looks set to support prices until the central bank

meets on Thursday.

The Bank of England also holds it policy meeting on Thursday

and is expected to keep rates on hold following a run of

improving UK economic data.

The main North American event this week will be Friday's

U.S. payrolls report, which is expected to show a modest rise of

just 125,000 jobs in October, in the wake of last month's

government shutdown in Washington.

Canadian employment data is also due on Friday and expected

to show 13,500 new jobs added in October, after a gain of just

11,900 in September.

"Domestically in Canada obviously the October jobs report is

the only indicator of any significance, but we've also got all

the global event risk - in terms of central bank meetings, the

ECB in particular - and the U.S. payrolls report on Friday, so

there is a lot going on internationally that could drive the

currency," Cole said.

Canadian government bond prices were higher across the

maturity curve. The two-year bond was up half a

Canadian cent to yield 1.120 percent, and the benchmark 10-year

bond rose 8 Canadian cents to yield 2.489 percent.