At 8:30 am ET Friday, Canada jobs data for April is due. Ahead of the data, the loonie dropped against its major counterparts.

The loonie was worth 81.45 against the yen, 1.3470 against the greenback, 1.5124 against the euro and 0.9422 against the aussie as of 8:25 am ET.

US Dollar vs CAD (FX:USDCAD)
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