November 30, 2012 / 1:54 PM / 5 years ago

Canadian dollar weakens to session low after surprisingly weak Canada GDP data

TORONTO (Reuters) - The Canadian dollar weakened to a session low of C$0.9954 to the U.S. dollar on Friday after unexpectedly weak Canada gross domestic product data.

A man holds Canadian currency in this posed photograph in Toronto, October 22, 2008. REUTERS/Mark Blinch

The country’s economy grew at an annualized rate of 0.6 percent in the third quarter as exports declined and business investment tapered off.

The currency had traded at C$0.9945 just before the data was released, and closed at C$0.9928, or $1.0073 on Thursday.

Reporting by Alastair Sharp; Editing by James Dalgleish

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