At 8:30 am ET Thursday, Statistics Canada will release Canada trade data for October. Before the data, the loonie traded mixed against its major counterparts. While the loonie dropped against the euro, it rebounded against the rest of major rivals.

The loonie was worth 1.5240 against the euro, 84.10 against the yen, 0.9676 against the aussie and 1.3413 against the greenback as of 8:25 am ET.

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