The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie was trading 0.1% lower at C$1.4403 to the greenback, or 69.43 U.S. cents, after trading in a range of 1.

The Canadian dollar was rising following media reports that Canada's Prime Minister Justin Trudeau could announce he will resign, potentially as early as Monday. The appreciation is modest, however, compared with the currency's sharp depreciation in December,

The impact of Justin Trudeau’s resignation on the Canadian dollar appears to be fading, as domestic politics take a backseat to systemic headwinds, including those caused by Trump tariffs and the expectation of more Bank of Canada rate cuts.

The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie was trading 0.2% lower at C$1.4394 to the greenback, or 69.47 U.S. cents,