Canada dollar weakens after GDP data shows contraction

Wed Oct 31, 2012 8:45am EDT
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TORONTO (Reuters) - The Canadian dollar weakened to a session low versus the U.S. currency on Wednesday after data showed the Canadian economy unexpectedly contracted in August.

At 8:34 a.m. (1234 GMT) the Canadian dollar was trading at C$1.0002 to the greenback, or $0.9998, compared with C$0.9985 just before the data and C$0.9993, or $1.0007, at Tuesday's North American close.

(Reporting by Alastair Sharp; Editing by Jeffrey Hodgson)