At 8:30 am ET Friday, Statistics releases Canada GDP data for December. The economy is forecast to expand 0.1 percent on month, compared to a 0.4 percent rise in November.

Ahead of the data, the loonie fell against its major rivals.

The loonie was worth 1.2879 against the greenback, 81.85 against the yen, 1.5864 against the euro and 0.9979 against the aussie as of 8:25 am ET.

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