TORONTO, March 14 (Reuters) - The Canadian dollar edged to a session low against the U.S. dollar on Monday morning after data showed Canadian industry capacity use leveled off in the fourth quarter and below market expectations.
The Canadian dollarfell as low as C$0.9753 to the U.S. dollar, or $1.0253, extending weakness by about 8 ticks from prior to the data's release.
Canadian industries ran at 76.4 percent of capacity in the fourth quarter of 2010, barely edging up from a downwardly revised 76.2 percent in the previous quarter, said Statistics Canada. Economists surveyed by Reuters had forecast a fourth-quarter rate of 79.0 percent capacity utilization. [ID:nSCLEEE7A6]
( Reporting by Ka Yan Ng. Editing by W Simon )
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