June 5, 2012 / 1:12 PM / in 5 years

CANADA FX DEBT-C$ firms after BoC holds rate

TORONTO, June 5 (Reuters) - The Canadian dollar strengthened slightly against its U.S. counterpart on Tuesday after the Bank of Canada held its key interest rate at 1 percent, but signaled it may have to raise it later.

The Canadian currency firmed to C$1.0383 against the U.S. dollar, or 96.31 U.S. cents, shortly after the announcement, up slightly from Monday’s close at C$1.0397, versus the greenback, or 96.18 U.S. cents.

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