Canadian dollar pares gains after trade data

Thu Jun 9, 2011 8:43am EDT
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TORONTO, June 9 (Reuters) - The Canadian dollar pared early gains to trade flat on Thursday after the country unexpectedly reported a trade deficit for April, compared with expectations of a small surplus.

The currency CAD=D4 traded as low as C$0.9797 to the U.S. dollar, or $1.0207 just after the report, the same level as Wednesday's North American close. It was trading around C$0.9784 just ahead of the data. (Reporting by Jeffrey Hodgson, Editing by Chizu Nomiyama)