Canada dollar weakens to session low after soft building data

Mon Nov 5, 2012 8:46am EST
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TORONTO (Reuters) - The Canadian dollar weakened to a session low against the U.S. currency on Monday after data showed the value of Canadian building permits dipped sharply in September.

The currency was at C$0.9975 to the greenback, or $1.0025, minutes after the release, after trading around C$0.9964 just before.

The data from Statistics Canada showed lower construction intentions in all three components of the non-residential sector.

(Reporting by Alastair Sharp; Editing by Jeffrey Hodgson)