C$ firms to session high after Canadian inflation data

Fri May 18, 2012 8:47am EDT
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TORONTO (Reuters) - The Canadian dollar rallied to a session high versus the U.S. dollar on Friday after a higher than expected reading on Canada's annual inflation rate for April.

The currency firmed to C$1.0139 against the greenback, or 98.63 U.S. cents, from around C$1.0164, or 98.39 U.S. cents immediately before the release.

(Reporting By Claire Sibonney; Editing by Jeffrey Hodgson)