Canadian dollar hits 7-month high, U.S. GDP data hurts greenback

Fri Apr 27, 2012 9:44am EDT
 
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TORONTO (Reuters) - The Canadian dollar hit a seventh-month high against its U.S. counterpart on Friday after the greenback weakened against a range of currencies following U.S. data that showed the American economy grew more slowly than expected in the first quarter.

The Canadian dollar strengthened to C$0.9804 versus the U.S. currency, or $1.02, its highest level since September 19. It closed at C$0.9840 on Thursday.

(Reporting By Jon Cook; Editing by Jeffrey Hodgson)