TORONTO, Nov 10 (Reuters) - The Canadian dollar pared gains against the U.S. currency on Wednesday after Canada posted a larger-than-expected trade deficit in September.
The trade deficit came in at C$2.49 billion from a revised C$1.49 billion deficit in August as exports to the United States tanked and imports climbed to their highest level in nearly two years, according to Statistics Canada data. [ID:nSCLAME677]
Canada's dollareased to C$1.0050 to the U.S. dollar, or 99.50 U.S. cents, from a pre-data level around C$1.0035 to the U.S. dollar, or 99.65 U.S. cents.
It was still firmer than Tuesday's close at C$1.0074 to the U.S. dollar, or 99.27 U.S. cents.
(Reporting by Ka Yan Ng; Editing by Theodore d'Afflisio)
Our Standards: The Thomson Reuters Trust Principles.