March 16, 2012 / 12:47 PM / 6 years ago

CANADA FX DEBT-C$ turns positive on U.S. CPI data

TORONTO, March 16 (Reuters) - The resource-heavy Canadian dollar turned positive on Friday against its U.S. counterpart after data showed U.S. consumer prices rose by the most in 10 months in February.

At 8:40 a.m. (1240 GMT), the Canadian dollar hit a session high at C$0.9910 versus the U.S. dollar, or $1.0090, up from Thursday’s North American close at C$0.9922 versus the U.S. currency, or $1.0079. The currency was at C$0.9923 before the data was released.

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