Loonie at 74.46 U.S. cents
weakened against its U.S. counterpart on Friday, giving back much of its weekly gain, as recent improvement in risk appetite lost some traction.
Wall Street’s main indexes fell, giving back some of their gains since the start of the year, as remarks from major U.S. bank executives deepened concerns about the Federal Reserve’s monetary tightening impacting economic growth. Mexico, the United States and Canada plan to produce in North America 25 per cent of what they currently import from Asia under a new drive to promote the integration of the region’s economy, Mexican Foreign Minister Marcelo Ebrard said on Thursday.
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