February 17, 2012 / 12:32 PM / in 6 years

Canadian dollar hits session high after strong inflation data

A man holds the new Canadian 100 dollar bill made of polymer in Toronto November 14, 2011. REUTERS/Mark Blinch

TORONTO (Reuters) - The Canadian dollar firmed to a session high against the U.S. dollar on Friday after data showed inflation in January rose more than expected.

The currency rallied to C$0.9948 against the greenback, or $1.0052, from around C$0.9961, or $1.0039 immediately before the release.

Reporting By Claire Sibonney; Editing by Jeffrey Hodgson

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