toronto march 24 reuters  the canadian dollar weakened to a nineday low against its us counterpart on friday before recouping much of its decline as investors weighed global banking sector stress and data showing some major sectors of canadas economy weakening in february the loonie was trading 01 lower at 13730 to the greenback or 7283 us cents after touching its weakest level since march 15 at 13804 for the week the currency was barely changed the move came as the us dollar  one of canadas major exports settled 1 lower at 6926 a barrel global risk aversion and equities are in the drivers seat for usdcad today said jay zhaomurray a market analyst at monex canada inc some dialing back of the fear trade helped the loonie pare its decline zhaomurray added wall street bounced back from an earlier selloff at the end of a tumultuous week as us federal reserve officials calmed investor skittishness over a potential liquidity crisis in the banking sector still the turmoil has led to investors betting that major central banks such as the bank of canada will shift to cutting interest rates this year money markets see a nearly 40 chance that the central bank will ease at its next policy decision on april 12 canadian retail sales rose 14 in january data from statistics canada showed but flash estimates for february showed a decline of 06 as well as declines for wholesale trade and manufacturing sales down 16 and 28 respectively canadian government bond yields were lower across the curve tracking the move in us treasuries the 2year touched its lowest since august 2022 at 3254 before recovering to 3422 down 31 basis points on the day reporting by fergal smith editing by jonathan oatis and sandra maler