TORONTO _ The Canadian dollar was down more than one-quarter of a U.S. cent shortly after the open of North American stock markets.
The loonie traded at 82.95 cents US, down 0.39 of a U.S. cent from Thursday's close.
The S&P/TSX composite index was also down, dropping 20.57 points to 15,007.55 after it rose 47.40 points on Thursday
U.S. stocks edged lower in early trading Friday, a day after the Standard & Poor's 500 index notched a new high. Investors were digesting mixed data on U.S. manufacturing and the latest corporate earnings news.
Energy stocks were among the biggest decliners as a slide in oil prices deepened.
KEEPING SCORE: The Dow Jones industrial average fell 23 points, or 0.1 per cent, to 18,230 as of 10:09 a.m. Eastern time. The Standard & Poor's 500 index fell two points, or 0.1 per cent, to 2,118. The Nasdaq composite declined seven points, or 0.1 per cent, to 5,043.
PRICEY JAVA: Keurig Green Mountain sank 9 per cent as investors worried that the company's new cold-drink machine is priced too high. The stock lost $9.37 to $93.62.
STRONG QUARTER: Applied Materials gained 2.5 per cent after the semiconductor maker reported quarterly results that came in ahead of analysts' forecasts. The stock added 51 cents to $20.37.
MANUFACTURING UPDATE: Separate reports offered a mixed assessment of U.S. manufacturing. The Federal Reserve said factory activity in New York increased slightly in May, suggesting that manufacturers are beginning to adapt to the challenges caused by a stronger dollar, lower oil prices and restrained consumer spending. Meanwhile, U.S. industrial output fell for the fifth straight month in April. The trend suggests that weakness in manufacturing and mining are weighing heavily on the economy.
EUROPEAN ACTION: European Central Bank President Mario Draghi said that the bank will fully implement its $1.2 trillion bond-buying program. There had been some speculation that the ECB might end the program earlier than anticipated in the wake of solid economic growth figures. Germany's DAX fell 0.2 per cent while the CAC-40 in France rose 0.1 per cent. The FTSE 100 index of leading British shares was up 0.2 per cent.
ASIA SCORECARD: Japan's Nikkei 225 gained 0.8 per cent while Hong Kong's Hang Seng gained 2 per cent. Australia's S&P/ASX 200 rose 0.7 per cent. South Korea's Kospi fell 0.7 per cent after the Bank of Korea kept its benchmark interest rate unchanged. The Shanghai Composite index dropped 1.6 per cent. Markets in Southeast Asia mostly rose.
ENERGY: Benchmark U.S. crude oil fell 99 cents to $58.89 a barrel on the New York Mercantile Exchange.
BONDS: Bond prices rose. The yield on the 10-year Treasury note fell to 2.17 per cent from 2.23 per cent late Thursday.