Loonie holds amid pressure on oil prices

Canadian dollar stabilized against greenback today amid pressure on oil prices and markets anticipation for the next round of the US-China trade talks next month.

President Trump stated that China wants a trade deal with the US and has made a tangible progress in this regard.

The US President also hinted that a trade deal with China could happen sooner than expected, pointing out that Beijing will buy more American agricultural products such as corn and beef.

In oil market, by 16:14 GMT, WTI fell by 1% to $55.9 a barrel, with a high of $56.8 and a low of $55.4.

Brent fell 0.5% to $62.05 a barrel, with a high of $62.7 and a low of $61.4.

As of 16:27 GMT, CAD/USD held at $0.7538, with a high of $0.7561 and a low of $0.7529.