Canadian dollar firms as Conservatives look set to keep power

Mon May 2, 2011 10:46pm EDT
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TORONTO (Reuters) - The Canadian dollar firmed on Monday as Canada's ruling Conservatives looked set to retain power in a federal election, though pollsters said it was too early to say if the party would get a majority or stay in power with a minority.

The currency firmed as high as C$0.9483 to the U.S. dollar, or $1.0545. The currency had ended the North American session at C$0.9508 to the U.S. dollar, or $1.0517.

(Reporting by Jeffrey Hodgson; Editing by Eric Walsh)

<p>A Canadian one dollar coin, also know as a loonie, is shown in Montreal, April 28, 2006. REUTERS/Shaun Best</p>