Canadian dollar falls as oil drops after disappointing data

2021-04-07 18:06:41 GMT (Economies.com)
Canadian dollar falls as oil drops after disappointing data

The Canadian dollar fell against most of its peers on Wednesday, as oil prices fell, and following the release of disappointing economic data.

 

The Canadian trade balance recorded a surplus in February of CAD$1 billion, missing forecasts of a surplus of CAD$1.3 billion.

 

As of 16:22 GMT, WTI crude April futures fell 1.4% to $58.4 a barrel, after hitting a high of $60.04 and a low of $58.1.

 

Brent May futures fell 1.2% to $61.9 a barrel, after hitting a high of $63.5 and a low of $61.6.

 

As of 16:39 GMT, CAD/USD fell 0.4% to 0.7924, after hitting a high of 0.7959 and a low of 0.7914.

 
 
 
  Symbol Last Change Chg.%
1.2058
0.0032
0.2636%
1.3871
-0.0082
0.5884%
Tadawul
10127.90
18.31
0.18%
26.077
0.285
1.107%
61.930
-1.248
1.975%
65.52
0.11
0.17%
1784.660
13.210
0.746%
 
 
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