At 8:30 am ET Friday, Statistics Canada releases Canada jobs data for March. The employment is forecast to increase by 5,700 jobs in March, slower than the addition of 15,300 jobs in February. The jobless rate is seen rising to 6.7 percent from 6.6 percent in the previous month.

Ahead of the data, the loonie retreated from early highs against the other major counterparts.

The loonie was worth 1.3412 against the greenback, 1.4264 against the euro, 82.49 against the yen and 1.0097 against the aussie as of 8:25 am ET.

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