Canadian dollar hits session high after strong inflation data

Fri Feb 17, 2012 7:29am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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