June 22, 2012 / 12:48 PM / 5 years ago

Canadian dollar slips to session low after CPI data

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Canadian one dollar coins, also known as loonies, are displayed in Montreal, September 19, 2007.Christinne Muschi

TORONTO (Reuters) - The Canadian dollar weakened to a session low on Friday after domestic data showed Canada's annual inflation rate in May eased to 1.2 percent from 2.0 percent in April.

The Canadian dollar touched C$1.0301 versus the U.S. dollar, or 97.08 U.S. cents, moving from around C$1.0285 just before the data's release.

Reporting By Jennifer Kwan; Editing by Jeffrey Hodgson

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