CANADA FX DEBT-Canadian dollar extends recent decline as BoC minutes offer little support

* Canadian dollar falls 0.2% against the greenback

* Touches its weakest since April 2025 at 1.4248

* Price of oil drops 4.1%

* Bond yields ease across the curve

By Fergal Smith

TORONTO, June 24 (Reuters) - The Canadian dollar weakened to a 14-month low against its U.S. counterpart on Wednesday as oil prices fell and after minutes from the Bank of Canada's recent policy meeting did little to reverse a wider gap between U.S. and Canadian interest rates.

The loonie was trading 0.2% lower at 1.4235 per U.S. dollar, or 70.25 U.S. cents, after touching its weakest intraday level since April last year at 1.4248. It was the seventh straight day of declines for the currency.

"Canada's economy has entered a soft patch due to tariffs and weaker demographics, while the U.S. continues to be supported by strong consumption, AI-related capex, and large fiscal deficits," said S?bastien Mc Mahon, chief economist at iA Financial Group.

"As a result, markets are pricing in increasingly different paths for the BoC and the Fed, pushing interest rate differentials, the key driver of FX, further in favour of the U.S." The BoC's governing council agreed to keep its monetary policy nimble to respond to new U.S. trade restrictions, the impact of energy prices, or both playing out at the same time, minutes of the meeting that resulted in the central bank leaving its benchmark interest rate unchanged at 2.25% on June 10 showed. Investors expect 17 basis points of tightening from the BoC by December, down from about 60 basis points last month, swap market data showed. The U.S. dollar added to recent gains against a basket of major currencies, bolstered by the Federal Reserve's recent more hawkish stance and safe-haven demand related to a pullback in technology stocks. The price of oil, one of Canada's major exports, was down 4.1% at $70.20 a barrel as signs emerged that more oil tankers are set to move out of the Strait of Hormuz, easing supply concerns. Canadian bond yields moved lower across the curve, tracking moves in U.S. Treasuries. The 10-year was down 7.5 basis points at 3.364%, trading near the bottom of its range since March. (Reporting by Fergal Smith; Editing by Aurora Ellis)