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C$ weakens to 7-month low after inflation, retail sales

  TORONTO: The Canadian dollar softened to its weakest level in seven months against the US dollar after inflation and
Published February 22, 2013 Updated February 22, 2013 02:29pm
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canadian dollarTORONTO: The Canadian dollar softened to its weakest level in seven months against the US dollar after inflation and retail sales data that came in below forecast.

 

The Canadian dollar touched C$1.0230 versus the US dollar, or 97.75 US cents, weaker than the C$1.0210, or 97.94 US cents shortly before the data was released. The currency finished Thursday's North American session at C$1.087, or 98.16 US cents.

 

Copyright Reuters, 2013

 

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