The Canadian dollar declined against its major rivals in New York deals on Wednesday, as oil prices slipped after Greek bailout talks appeared to stumble, with wide differences remaining between Greek PM Alexis Tsipras and EU creditors over proposed reform measures to unlock bailout aid.
Crude for August delivery fell $0.09 to $60.92 a barrel.
Greece's creditors rejected its reform package, as wide differences persisted between both the parties on the matters of corporate taxation, overhaul of Greece's pension system and value-added taxes.
Counter proposals from its creditors have also been rejected by the Greek PM, faltering hopes about the possibility of debt deal.
The Energy Information Administration will release official inventories data at 10:30 am ET. Late Tuesday, the American Petroleum Institute reported a 3.2 million-barrel decline in U.S. inventories last week.
The loonie was trading mixed in European deals. While the loonie advanced against the euro, aussie and the greenback, it declined against the yen.
