CANADA FX-C$ tips to session low after U.S., Canada data

Tue May 17, 2011 8:45am EDT
 
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 TORONTO, May 17 (Reuters) - The Canadian dollar slipped to
a session low against the U.S. currency on Tuesday after data
showed U.S. housing starts and permits for future home
construction fell in April. [ID:nCLAHGE7EO]
 Separately, Statistics Canada data showed foreigners
resumed purchases of Canadian bonds in March. [ID:nN17130640]
 The Canadian unit CAD=D4 fell as low as C$0.9770 to the
U.S. dollar, or $1.0235, after the data, bumping against a key
technical level that retested its weakest in more than seven
weeks.
 The currency pared losses soon after, and was down from
Tuesday's North American session close at C$0.9742 to the U.S.
dollar, or $1.0265.
 (Reporting by Ka Yan Ng, Editing by Chizu Nomiyama)