The Canadian dollar weakened against its US counterpart on Friday, as a further slide in the price of oil offset domestic data showing above-target inflation and increased retail sales. Canada's annual inflation rate remained above the central bank's target of 2 percent for the ninth straight month in October and retail trade volumes climbed 0.5 percent in September, data showed.
At 3:22 p.m. the Canadian dollar was trading 0.2 percent lower at 1.3224 to the greenback, or 75.62 US cents.
The currency, which on Tuesday touched its weakest level in nearly five months at 1.3318, traded in a range of 1.3185 to 1.3259. For the week, the loonie fell 0.6 percent.
Canadian government bond prices were higher across a flatter yield curve, with the two-year up 2 Canadian cents to yield 2.234 percent and the 10-year rising 24 Canadian cents to yield 2.341 percent.
The gap between Canada's 10-year yield and its US equivalent widened by 1.3 basis points to a spread of 70.5 basis points in favour of the US bond.
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