CANADA FX-C$ rises after Fed announces stimulus move

Thu Sep 13, 2012 12:45pm EDT
 
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TORONTO, Sept 13 (Reuters) - The Canadian dollar firmed against the U.S. dollar on Thursday after the U.S. Federal Reserve announced a third round of aggressive quantitative easing.

The Fed said it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially.

Canada's dollar touched C$0.9725 versus the U.S. currency, or $1.0283, up from C$0.9764, or $1.0242, shortly before the announcement.