Statistics Canada releases Canada building permits for March at 8:30 am ET Thursday. Economists expected the value of building permits to have fallen to 4.6 percent, compared to an increase of 15.5 percent last month.

Ahead of the data, the loonie traded mixed against the other major currencies. While the loonie held steady against the yen and the aussie, it rose against the greenback and the euro.

The loonie was quoted at 83.53 against the yen, 1.4662 against the euro, 0.9609 against the aussie and 1.2824 against the greenback as of 8:25 am ET.

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