Canadian dollar hits session high after strong inflation data

Fri Feb 17, 2012 7:29am EST
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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)

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