Canadian dollar falls amid pressures on oil prices

The Canadian dollar fell on Friday, as oil were weighed down after yesterday's strong gains, amid focus on the latest updates of the coronavirus crisis.

The number of infections and deaths from the Covid-19 is rising all over the globe, which comes amid positive news about a number of promising vaccines.

The United Kingdom began administering doses of the Pfizer vaccine earlier this week, while the US is also preparing to start distributing Pfizer's and Moderna's vaccines before the Christmas holidays this month.

As of 16:26 GMT, WTI crude December futures fell 0.3% to $46.6 a barrel, after hitting a high of $47.2 and a low of $46.3.

Brent January futures fell 0.5% to $50 a barrel, after hitting a high of $50.7 and a low of $49.7.

As of 16:34 GMT, CAD/USD fell 0.2% to 0.7834, after hitting a high of 0.7864 and a low of 0.7816.