The Canadian dollar was little changed against its US counterpart on Friday, unable to reduce this week's decline as oil prices fell and a strike at Canada's biggest railroad threatened to weigh on the country's economic growth.

The price of oil, one of Canada's major exports, pulled back from two-month highs as concern over US-China trade talks overshadowed expectations that major producers would extend production cuts.

At 4:00 p.m. (2100 GMT), the Canadian dollar was trading nearly unchanged at 1.3290 to the greenback, or 75.24 US cents. The currency, which traded on Friday in a range of 1.3255 to 1.3298, was down 0.5% for the week.

The loonie had been on track to lose even more ground this week before comments by Bank of Canada Governor Stephen Poloz on Thursday that doused expectations for an interest rate cut as soon as next month.

Canadian government bond prices were mixed across a flatter yield curve, with the two-year down 3 Canadian cents to yield 1.58% and the 10-year rising 5 Canadian cents to yield 1.472%.