Canadian dollar falls amid pressure on commodity currencies
Economies.com
2021-03-25 15:36PM UTC
The Canadian dollar fell against most major on Thursday, as oil prices fell, which is one of the main Canadian exports.
The US dollar extended its rally after data showed the US GDP grew 4.3% during the fourth quarter of 2020.
As of 15:22 GMT, WTI crude April futures fell 5.1% to $58.01 a barrel, after hitting a high of $60.8 and a low of $57.4.
Brent May futures fell 4.2% to $61.7 a barrel, after hitting a high of $64.1 and a low of $60.9.
As of 15:34 GMT, CAD/USD rose 0.2% to 0.7932, after hitting a high of 0.7969 and a low of 0.7918.
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