At 8:30 am ET Friday, Statistics Canada will release Canada retail sales for March and consumer prices for April. Ahead of these data, the loonie advanced against its major rivals.

The loonie was worth 1.2798 against the greenback, 1.5075 against the euro, 0.9620 against the aussie and 86.67 against the yen as of 8:25 am ET.

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