Loonie weakens after Canadian inflation data

Tue Dec 20, 2011 7:21am EST
 
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TORONTO (Reuters) - Canada's currency weakened slightly against its U.S. counterpart on Tuesday after data showed Canada's annual inflation rate held at 2.9 percent in November.

At 7:05 a.m., the Canadian dollar weakened to C$1.0335 to the U.S. dollar, or 96.76 U.S. cents. It was trading around C$1.0328 just before the data.

(Reporting By Jennifer Kwan; Editing by Jeffrey Hodgson)