Canadian dollar falls amid pressure on oil prices

Canadian dollar fell against greenback today as oil prices came under pressure, and shrugged off positive economic data.

Canadian data showed that the CPI stabilized during last month while analysts had expected a decline of 0.3%.

By 15:38 GMT in the oil market, WTI rose by 03% to $53.7 a barrel, with a high of $55.6 and a low of $53.4.

Brent fell 1.9% to $58.7 a barrel, with a high of $60.2 and a low of $58.3.

Markets are anticipating the outcome of the latest round in the US-China trade war after the Chinese government announced its plan to impose a 10% tariff increase on US imports worth $75 billion.

In terms of trading, by 15:57 GMT, CAD/USD fell by 0.1% to 0.7508, with a high of 0.7536 and a low of 0.7492.