Statistics Canada is set to release Canada retail sales for November and consumer price index for December at 8:30 am ET Friday. On month, CPI is expected to edge down to 0.3 percent from 0.1 percent in November.

Ahead of the data, the loonie showed mixed trading against its major rivals. While the loonie held steady against the aussie, it rose against the yen, greenback and the euro.

The loonie was worth 1.4160 against the greenback, 83.50 against the yen, 1.5315 against the euro and 0.9951 against the aussie as of 8:25 am ET.

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