Statistics Canada will release Canada jobs data for April at 8:30 am ET Friday. The economy is expected to have added 5,000 jobs, while the jobless rate is expected to fall to 7.2 percent.

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

The loonie was worth 1.4708 against the euro, 83.06 against the yen, 0.9490 against the aussie and 1.2874 against the greenback as of 8:25 am ET.

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