December 3, 2014 / 3:23 PM / in 3 years

CANADA FX-Canadian dollar strengthens after Bank of Canada statement

TORONTO, Dec 3 (Reuters) - The Canadian dollar strengthened to session high after the Bank of Canada said the country’s economic recovery was broadening, but cautioned that plunging oil prices was a risk.

The Canadian dollar touched C$1.1352 to the greenback, or 88.09 U.S. cents after the central bank statement, stronger than prior to the release and Tuesday’s close of C$1.1394, or 87.77 U.S. cents. (Reporting by Solarina Ho Editing by W Simon)

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