The Canadian currency depreciated versus its U.S. peer as oil, the most exported product of the state, dropped. The decline of Canada's Dollar versus most of its 16 major counterparts is resulted from the large discount of the Canadian oil trading level, at which Canada sells crude oil to U.S. The loonie fell 0.3% to C$1.0325 per U.S. Dollar, while oil slid 0.9% to $102.90 a barrel.