Canadian dollar falls on weak economic data

Canadian dollar fell against most of its major counterparts following the release of weak economic data, in line with pressure on oil prices.

Government data showed that Canada's retail sales fell by 0.3% last month, while analysts expected a 0.3% rise. the core reading for the index also fell by 0.1% compared to forecasts of a 0.3% rise.

This comes at a time when markets are still waiting for the outcome of trade negotiations between the United States and China amid pessimistic expectations.

In the crude market, West Texas fell by 0.3% to $55.1 per barrel at 15:44 GMT, with a high of $56.3 and a low of $54.9.

Brent rose 0.1% to $62.03 per barrel, with a high of $63.3 and a low of $61.9.

As of 16:01 GMT, CAD/USD fell by 0.3% to 0.7643, with a high of 0.7688 and a low of 0.7627.