C$ firms slightly after US ISM data

Tue May 1, 2012 10:09am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO May 1 (Reuters) - The Canadian dollar firmed slightly against its U.S. counterpart on Tuesday after data showed U.S. factory activity expanded in April, an encouraging sign after a string of weaker-than-expected economic reports in recent weeks.

The currency strengthened to C$0.9873 versus the greenback, or $1.0130, after the release, from around C$0.9887, or $1.0114 heading into the data.