Statistics Canada has released Canada jobs data for January and trade balance report for December at 8:30 am ET Friday. Following these data, the loonie dropped further against its major counterparts.

The loonie was trading at 1.3786 against the greenback, 84.77 against the yen, 1.5419 against the euro and 0.9885 against the aussie around 8:33 am ET.

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