Canadian dollar hits six-week high after strong data
A Canadian dollar coin, commonly called a "Loonie" and an American dollar bill are seen in this staged photo in Toronto, March 17, 2010. Reuters

The Canadian dollar touched a six-week high against its U.S. counterpart on Thursday after Canadian manufacturing data beat expectations and solid demand at Spanish and French debt auctions eased investor fears about Europe's sovereign debt crisis.

The Canadian currency firmed to a session high of C$1.0071 to the U.S. dollar, or 99.29 U.S. cents, up from Wednesday's finish at C$1.0112 to the U.S. dollar, or 98.89 U.S. cents. It was the currency's highest level since December 8.