The Canadian dollar held steadily on Wednesday, amid optimism about the global economy and hopes of a recovery in demand for commodities, led by oil, which is a main Canadian export.
Most countries around the world are intensifying their efforts to combat the Covid-19 pandemic, with vaccination campaigns and lockdowns.
Investors are anticipating the US Congress to pass the Covid relief plan of $1.9 trillion proposed by President Joe Biden.
US Treasury Secretary Janet Yellen stated that if the plan is not approved, the economy wouldn't return to full capacity before 2022.
As of 17:21 GMT, CAD/USD held at 0.7880, after hitting a high of 0.7896 and a low of 0.7867.