The Canadian dollar fell to a one-week low against its US counterpart on Friday as US data suggesting a pick-up in consumer spending boosted the greenback. The US dollar rose against a basket of major currencies after encouraging US retail sales data for May eased fears that the US economy is slowing sharply, ahead of the Federal Reserve's meeting next week.
At 2:50 p.m. (1850 GMT), the Canadian dollar was trading 0.6% lower at 1.3413 to the greenback, or 74.55 US cents, its biggest decline since March 6.
The currency, which fell 1.1% for the week, touched its weakest level since June 6 at 1.3424. Canadian government bond prices were slightly higher across much of the yield curve, with the two-year up 0.5 Canadian cent to yield 1.385% and the 10-year rising 5 Canadian cents to yield 1.445%.
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