September 21, 2012 / 12:22 PM / in 5 years

Canadian dollar pares gains after Canadian inflation data

TORONTO (Reuters) - The Canadian dollar pared some gains against its U.S. counterpart on Friday after Canada’s annual inflation rate eased slightly in August, according to government data.

Canada’s dollar stood at C$0.9753 against the U.S. dollar, or $1.0253 shortly after the data was released. It was trading around C$0.9746, or $1.0261 just before, and closed at C$0.9765, or $1.0241 on Thursday.

Reporting by Solarina Ho; Editing by Jeffrey Hodgson

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