Canada dollar hits highest since Nov 2008

Wed May 6, 2009 2:54pm EDT
 
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TORONTO May 6 (Reuters) - The Canadian dollar rallied to its highest in nearly six months on Wednesday afternoon as stronger-than-expected domestic building and purchasing data raised hopes about the economy.

At 2:34 p.m. (1834 GMT), the Canadian unit rose to C$1.1676 to the U.S. dollar, or 85.65 U.S. cents. That was the domestic currency's highest since November 10. (Reporting by Frank Pingue; Editing by Frank McGurty)