Investing.com - The U.S. dollar slipped lower against its Canadian counterpart on Wednesday, as upbeat Canadian data lent support to the local currency, while progess on the U.S. tax reform front did little to lift the greeenback.
Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday.
USD/CAD was down 0.25% at 1.2846 by 09:30 a.m. ET (13:30 GMT).
Statistics Canada earlier reported that Canadian wholesale sales increased by 1.5% in October, beating expectations for a 0.5% rise and following a 1.1% decline the previous month.
The greenback showed little reaction after the House of Representatives on Tuesday approved the biggest U.S. tax overhaul in 30 years.
Due to procedural issues another vote later will take place on Wednesday, but it is still considered as a step closer to the implementation of a major U.S. tax overhaul.
The Senate vote was expected to follow on Thursday.
The loonie was higher against the euro, with EUR/CAD shedding 0.18% to 1.5221.