The Canadian currency late in the afternoon was quoted at C$1.0700 (93.45 US cents). This compares with Thursday's late North American quote of $1.0633 (94.04 US cents).
Losses in global crude oil futures helped to undermine the value of the Canadian dollar as did losses in the North American equity sector.
George Davis, chief foreign exchange technical analyst with RBC Capital Markets indicated that t6he easing of the Canadian dollar was also tied to an increasingly illiquid year-end trading environment.
Activity in the currency market next week was expected to become increasingly illiquid and subject to exaggerated volatility, given Thursday's US market close for Thanksgiving.
Canadian bonds finished higher along the yield curve Friday with some safe-haven plays by investors behind the strength, market watchers said. Activity was on the lighter side given the absence of fresh economic news.
Bond prices stayed in fairly narrow ranges much of Friday, rising early as equity markets slumped and risk sentiment stayed guarded, brokers said.
Supply pressures helped to limit the upside potential, analysts said.
Paramount among these challenges will be pressure from supply as the US Treasury prepares to auction a cumulative $118 billion of two-year, five-year, and seven-year paper from Monday to Wednesday.
Next week features September retail sales figures on Monday and Friday's release of third-quarter current account balance statistics.
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