Loonie pares gains after Canadian, U.S. data

Fri Dec 16, 2011 8:55am EST
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TORONTO (Reuters) - The Canadian dollar pared gains against the greenback on Friday after a report showed foreigners reduced their purchases of Canadian securities in October and as the U.S. dollar broadly firmed after data showed U.S. consumer prices were flat in November.

The Canadian dollar traded at C$1.0346, or 96.65 U.S. cents shortly after the data, down from a session high of C$1.0299 and only slightly stronger than Thursday's close at C$1.0357, or 96.55 U.S. cents.

(Reporting by Jeffrey Hodgson; Editing by Chizu Nomiyama)