Canadian dollar falls after major economic data

The Canadian dollar fell against most currencies on Wednesday, amid anticipation of the Federal Reserve's decision, and following the release of key economic data.

The Fed will conclude its meeting later today amid expectations to keep the interest rate at 0.25% unchanged.

The meeting is expected to offer some clues about the timing of cutting the bonds purchases program much earlier than expected.

The Canadian consumer price index rose by 0.2% in November, on par with expectations.

UK health authorities announced the first death in Britain from the new Covid 19 variant Omicron, and Prime Minister Boris Johnson warned from a new wave of infections.

As of 17:17 GMT, CAD/USD fell 0.4% to 0.7744, after hitting a high of 0.7784 and a low of 0.7739.