Loonie pauses amid anticipation of Covid-19 vaccine news
The Canadian dollar held against most of its counterparts on Monday, amid anticipation of the latest updates regarding the coronavirus crisis.
The Canadian government recently announced approving the emergency use of the Pfizer-BioNtech Covid-19 vaccine, and will start receiving shipments of this vaccine shortly.
The US federal government will start administering doses of the Pfizer-BioNtech Covid-19 vaccine, and will start distributing doses of Moderna's vaccine before the Christmas holidays.
The US Congress will discuss a stimulus bill proposed by members of the Democratic and Republican parties later today, with a fiscal package worth $908 billion to support the economy.
As of 17:12 GMT, CAD/USD held at 0.7827, after hitting a high of 0.7862, and a low of 0.7818.
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