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Location: Investing.com - The U.S. dollar dollar climbed against its Canadian counterpart on Monday, as tumbling oil prices dampened demand for the commodity-related Canadian currency, although the greenback’s gains were limited by Friday’s downbeat U.S. data. USD/CAD hit 1.2990 during early U.S. trade, the pair’s highest since April 11; the pair subsequently consolidated at 1.2897, gaining 0.64%. The pair was likely to find support at 1.2792, Friday’s low and resistance at 1.3157, the high of April 8. Oil prices plummeted after a meeting of the world’s major oil producers in Doha, Qatar on Sunday ended without an agreement on curbing production intended to prop up prices. The talks collapsed after Saudi Arabia demanded that Iran also join the agreement to cap output. Iran had already declined to take parts in the talks and said it would not participate in an output freeze until its output levels return to where they were before international sanctions were imposed over its nuclear program.