The Canadian dollar weakened against its U.S. counterpart on Friday as a sell-off in technology shares weighed on investor sentiment and domestic data showed a drop in underlying retail sales, with the loonie falling for the second straight week. The Canadian currency <CAD=> was trading 0.2% lower at 1.3193 to the greenback, or 75.80 U.S. cents, having traded in a range of 1.3137 to 1.3208. "I think it is just a reflection of broad market risk," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets.
Retail sales figures put the Loonie and the Pound in focus, with Brexit another driver for the Pound on the day.
USD/CAD did not manage to settle above the 50 EMA and returned to the nearest support at 1.3200.