At 8:30 am ET Wednesday, Canada's trade data for May is scheduled for release. Ahead of the data, the loonie against showed mixed performance other major currencies. While the loonie moved sideways against the aussie, it rose against the euro. Against the greenback and the yen, the loonie pared gains.

At 8:25 am ET, the loonie was worth 1.2507 against the euro, 1.0459 against the aussie, 77.68 against the yen and 1.0196 against the greenback.

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