Reuters: US Dollar Report: CANADA FX-C$ rises after Fed announces stimulus move

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CANADA FX-C$ rises after Fed announces stimulus move Sep 13th 2012, 16:45 TORONTO, Sept 13 | Thu Sep 13, 2012 12:45pm EDT TORONTO, Sept 13 (Reuters) - The Canadian dollar firmed against the U.S. dollar on Thursday after the U.S. Federal Reserve announced a third round of aggressive quantitative easing. The Fed said it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially. Canada's dollar touched C$0.9725 versus the U.S. currency, or $1.0283, up from C$0.9764, or $1.0242, shortly before the announcement.

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