Canadian dollar falls despite rising oil prices

The Canadian dollar held against most of its peers on Friday, despite the recovery in oil prices.

China's real estate giant Evergrande continues to face a disastrous debt default scenario, which could destabilize many economic sectors in China, maid concerns about the integrity of the Chinese real estate and credit markets, and observers see that Evergrande is just the beginning.

The People's Bank of China has injected huge sums of money, in attempts to ease global markets' concerns about the world's second largest economy.

To the oil market, WTI crude October futures rose 0.9% to $73.9 a barrel as of 16:30 GMT. 

Brent November futures rose 0.9% to $77.9 a barrel.

As of 16:43 GMT, CAD/USD fell less than 0.1% to 0.7899, and hit a high of 0.7912 and a low of 0.7855.