Reuters: US Dollar Report: C$ firms to session high after GDP beats forecasts

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

C$ firms to session high after GDP beats forecasts Aug 31st 2012, 12:41 TORONTO | Fri Aug 31, 2012 8:41am EDT TORONTO Aug 31 (Reuters) - Canada's dollar climbed to a session high against its U.S. counterpart on Friday after data showed the country's economy grew at an annualized 1.8 percent in the second quarter, exceeding analyst estimates. The Canadian dollar strengthened to C$0.9867 versus the greenback, or $1.0135, from around C$0.9903, or $1.0100, immediately before the release. It was already on firmer ground heading into the report, boosted by speculation the European Central Bank will intervene in the region's bond market, and ahead of a highly anticipated speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.

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