March 23, 2012 / 11:13 AM / 6 years ago

CANADA FX-C$ softens after inflation data

TORONTO, March 23 (Reuters) - The Canadian dollar extended losses against the U.S. currency on Friday after data showed Canada’s annual inflation rate edged up in February to 2.6 percent from a rate of 2.5 percent in January.

The Canadian dollar fell to a session low at C$1.0009 versus the U.S. currency, or 99.91 U.S. cents, shortly after the data was released. It stood at C$1.0001 immediately before the new inflation number.

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