Canadian dollar slips as oil comes under pressure

The Canadian dollar fell against its counterparts on Thursday, amid pressure on oil prices, which is one Canada's main exports.

Canada's building permits index fell 4.1% in December, but remains better than forecasts a drop by 4.9%.

WTI crude March futures fell 0.8% to $52.4 a barrel, after hitting a day high of $53.5 and a low of $52.2.

Brent March futures fell 0.5% to $55.5 a barrel, after hitting a high of $56.5 and a low of $55.3.

The coronavirus pandemic is still casting its shadow over the world, but analysts expect improvement in the global economy in tandem with vaccinations.

As of 17:06 GMT, CAD/USD fell 0.1% 0.7806, with a high of 0.7820 and a low of 0.7764.