The Canadian dollar remained under pressure on Tuesday, falling short or remaining flat against its rival currencies. The oil-sensitive CAD felt the pressure as oil prices rebounded after OPEC signalled a potential curb on production to protect oil prices as Chinese demand subsides. As a result, the Canadian Dollar traded flat at around the $0.7527 against the USD. Optimism lingered in hope that OPEC would be able to offset a potential drop in demand caused by the outbreak of the coronavirus in China, this buoyed prices. Increased fears of the disease weighed on crude prices, which sent them to the lowest they have been in over a year. Meanwhile, GBP steadied a little on Tuesday after a few days of sharp declines. But the outlook for GBP still remains heavy as the Brexit road to December looks like showing no signs of easing up for the UK-EU negotiations.