Investing.com - The U.S. dollar moved higher against its Canadian counterpart on Friday, after the release of mixed U.S. economic reports and downbeat Canadian growth data.
Trading volumes were expected to remain thin on Friday ahead of the Christmas holiday.
USD/CAD was up 0.24% at 1.2774 by 09:30 a.m. ET (13:30 GMT).
The U.S. Commerce Department reported on Friday that personal spending rose more expected by 0.6% in November, while personal income missed forecasts by rising only 0.3%.
A separate report showed that U.S. durable goods orders gained 1.3% in November, confounding expectations for a 2.0% climb. Core durable goods orders, which exclude transportation items fell unexpectedly by 0.1%.
In Canada, official data showed that the economy stagnated in October, disappointing expectations for a growth rate of 0.2%. Canada's gross economic product expanded by 0.2% in the previous month.
The loonie was also lower against the euro, with EUR/CAD up 0.09% at 1.5139.