January 18, 2012 / 4:08 PM / 6 years ago

Canadian dollar firms after BoC points to economic strength

TORONTO (Reuters) - The Canadian dollar firmed very slightly against its U.S. counterpart on Wednesday morning after the Bank of Canada said that strong domestic household spending will offset the negative impact of Europe’s debt crisis on Canada’s economy.

The currency edged up to C$1.0136 against the U.S. dollar, or 98.66 U.S. cents, from around C$1.0145, or 98.57 U.S. cents immediately before the central bank released its quarterly monetary policy report.

Reporting By Claire Sibonney

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