Statistics Canada releases Canada GDP data for July and industrial product price index for August at 8:30 am ET Friday. The economy is expected to expand 0.3 percent on month in July, compared to a 0.6 percent growth in June.

The loonie traded mixed against its major opponents ahead of the data. While the loonie held steady against the greenback and the aussie, it climbed against the euro and the yen.

The loonie was valued at 1.3166 against the greenback, 76.97 against the yen, 1.0031 against the aussie and 1.4693 against the euro as of 8:25 am ET.

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