Statistics Canada is set to release Canada gross domestic product data for May at 8:30 am ET Friday. The GDP is seen flat in May, after contracting by 0.1 percent in the previous month.

The loonie held steady against its major rivals ahead of the data.

The loonie was worth 1.4303 against the euro, 0.9446 against the aussie, 95.36 against the yen and 1.3038 against the greenback as of 8:25 am ET.

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