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TORONTO, Jan 29 (Reuters) - The Canadian dollar briefly sagged against the U.S. dollar on Friday but quickly edged higher after data showed Canada's economy grew 0.4 percent in November from October. [ID:nN29434455]
At 8:33 a.m. (1333 GMT), the Canadian dollar was at C$1.0684 to the U.S. dollar, or 93.60 U.S. cents, from about C$1.0676 before the data. At 8:39 a.m., the unit was at C$1.0664.
Data also showed the U.S. economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest pace in more than six years, as businesses reduced inventories less aggressively, the Commerce Department said on Friday. [ID:nN28120005]