Canadian dollar falls as oil prices come under pressure

Economies.com
2021-10-21 15:51PM UTC

The Canadian dollar fell against most of its peers on Thursday, after a disappointing private sector jobs data, and pressures on oil prices.

 

ADP data showed today that the Canadian private sector has added 9.6k new jobs during September, after adding 13.5K jobs in August.

 

As of 15:34 GMT, WTI crude November futures fell 2.8% to $81.06 a barrel.

 

Brent December futures fell 2.6% to $83.5 a barrel.

 

Many major US companies reported their quarterly business results for the third quarter, amid anticipation of Tesla and IBM's reports.

 

As of 15:50 GMT, CAD/USD fell 0.2% to 0.8100, after hitting a high of 0.8138 and a low of 0.8094.

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