• The Canadian Dollar was broadly softer, but gained against USD on Friday.
• Canada is due to release its latest CPI inflation update next week.
• US consumer sentiment ticked higher in August, sparking an uptick in risk appetite.

The Canadian Dollar (CAD) was overall softer on Friday, shedding weight across the currency board, but still found gains against the risk-appetite-weakened Greenback to wrap up the trading week. Broad-market risk sentiment improved further on Friday as upbeat US data prints help to temper recent investor fears of a US recession.

Canada will be bringing its latest round of inflation data next Tuesday, and CAD traders will be looking for stable prints in Canadian Consumer Price Index (CPI) figures to keep sentiment on-balance.