The Canadian dollar closed lower against its US counterpart on Friday, after news that Canada's economy grew at a slower-than-forecast pace in the fourth quarter lowered expectations the Bank of Canada would raise interest rates any time soon.
At 3:58 p.m. EST (2058 GMT), the Canadian dollar was trading at 1.3301 to the greenback, or 75.18 US cents, down 1.09 percent. The currency's strongest level of the session was 1.3130, while its weakest level was 1.3307. Canadian government bond prices were higher across the maturity curve, with the two-year price up 2 Canadian cents to yield 1.769 percent and the benchmark 10-year rising 2 Canadian cents to yield 1.94 percent.