Canadian dollar steadies despite drop in oil prices

The Canadian dollar held against most of its major peers on Wednesday, despite a drop in oil prices, which is one of Canada's main exports.

The coronavirus pandemic is still casting a shadow over the world, as the number of infections is near 100 million cases worldwide, with a death toll of nearly 2 million victims.

As of 17:11 GMT, WTI crude February futures fell 0.7% to $52.8 a barrel, after hitting a day high of $53.9 and a low of $52.5.

Brent March futures fell 1% to $56 a barrel, after hitting a high of $57.4 and a low of $55.7.

As of 17:33 GMT, CAD/USD held at 0.7869, with a high of 0.7872 and a low of 0.7845.