At 8:30 am ET Tuesday, Canada wholesale sales for January are scheduled for release. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie dropped against the aussie and the greenback, it advanced against the euro. Against the yen, it held steady.

The loonie was worth 1.6071 against the euro, 81.47 against the yen, 1.0080 against the aussie and 1.3080 against the greenback as of 8:25 am ET.

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