The Canadian dollar weakened against its U.S. counterpart on Friday in volatile trading as investors weighed the uncertain makeup and timing of expected U.S. tariffs on goods from Canada and Mexico. The loonie was trading 0.

The Canadian dollar edged lower against its U.S. counterpart on Tuesday ahead of an expected interest rate cut by the Bank of Canada and as the threat of U.S. trade tariffs drew renewed focus, leading to broad-based gains for the American currency.