Investing.com - The U.S. dollar was little changed against its Canadian counterpart on Monday, as sentiment on the greenback was pressured by caution surrounding the U.S. tax reform bill.
Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday.
USD/CAD was little changed at 1.2872 by 09:30 a.m. ET (13:30 GMT).
The greenback was initially lifted after Republicans on Friday put the finishing touches on a sweeping tax overhaul bill.
They are confident Congress will now pass the tax bill this week, with a Senate vote planned as early as Tuesday.
In Canada, data on Monday showed that foreign securities purchases increased to C$20.81 billion in October from C$16.69 billion in September, whose figure was revised from a previously estimated total of C$16.81 billion.
Meanwhile, the Canadian dollar received little support from the rise in oil prices on Monday, still supported by supply disruptions in the North Sea and Nigeria.
The loonie was lower against the euro, with EUR/CAD advancing 0.50% to 1.5190.