November 30, 2012 / 1:54 PM / 5 years ago

Canadian dollar weakens to session low after surprisingly weak Canada GDP data

A man holds Canadian currency in this posed photograph in Toronto, October 22, 2008. REUTERS/Mark Blinch

TORONTO (Reuters) - The Canadian dollar weakened to a session low of C$0.9954 to the U.S. dollar on Friday after unexpectedly weak Canada gross domestic product data.

The country’s economy grew at an annualized rate of 0.6 percent in the third quarter as exports declined and business investment tapered off.

The currency had traded at C$0.9945 just before the data was released, and closed at C$0.9928, or $1.0073 on Thursday.

Reporting by Alastair Sharp; Editing by James Dalgleish

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