January 23, 2015 / 1:58 PM / 4 years ago

Canadian dollar firms after Canadian CPI, retail sales data

The new Canadian five and 10 dollar bills, made of polymer, are displayed with the previously released 20, 50 and 100 dollar notes following an unveiling ceremony at the Bank of Canada in Ottawa April 30, 2013. REUTERS/Chris Wattie

TORONTO (Reuters) - The Canadian dollar strengthened against the U.S. dollar on Friday after Canadian CPI data showed an increase in core inflation.

The Canadian dollar, which had briefly weakened to a session low following the data, was trading at C$1.2393 against the U.S. dollar, or 80.69 U.S. cents. This was stronger than just prior to the data’s release and Thursday’s finish at C$1.2404, or 80.62 U.S. cents.

Reporting by Solarina Ho

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