Canadian dollar edges higher following oil recovery
Economies.com
2021-12-10 16:59PM UTC
The Canadian dollar rose against most currencies on Friday, following the recovery in oil prices, which is one of Canada's main exports.
The US consumer price index rose by 0.8% in November after rising by 0.9% in October, higher than forecasts of a rise by 0.7%.
A medical study showed that Omicron is 4.2 times more transmissible than the delta variant.
Pfizer-BioNTech officials believe that people may need a fourth dose of their vaccine to protect against Omicron, as it has been proven to be resistant to the antibodies generated by two doses.
As of 16:58 GMT, CAD/USD rose 0.1% to 0.1% to 0.787, after hitting a high of 0.7887 and a low of 0.7849.
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