* Canadian dollar strengthens 0.2% against the greenback * For the week, the loonie is on track to rise 1.4% * Price of U.S. oil increases 0.3% * Canadian 10-year yield eases about half a basis point to 1.410% TORONTO, June 25 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart on Friday as oil prices climbed and U.S. inflation data eased worries about the Federal Reserve"s more hawkish stance, with the currency adding to this week"s gains. The loonie was trading 0.2% higher at 1.2294 to the greenback, or 81.34 U.S. cents. It was on track to gain 1.4% for the week, after four consecutive weekly declines. Wall Street rose and the U.S. dollar fell against a basket of major currencies as underlying inflation in the United States rose at a slower-than-expected rate in May. Investors have been struggling to interpret signals from the Fed about how hot it is willing to let inflation run. Last week, the central bank projected it would begin hiking interest rates in 2023 rather than 2024. The price of oil, one of Canada"s major exports, was on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August. U.S. crude prices were up 0.3% at $73.50 a barrel. Canadian government bond yields were mixed across a flatter curve. The 10-year eased about half a basis point to 1.410% but held well above the 3-1/2-month low it hit last Friday at 1.364%. (Reporting by Fergal Smith; editing by Jonathan Oatis) Our Standards: The Thomson Reuters Trust Principles.