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- The oil rally has added to support for the currency, Davis said. U.S. crude oil futures were up 3.2% at $77.25 a barrel as supply concerns sharpened on reports of escalating conflict in the Middle East as well as production cuts in Libya. Oil is one of Canada's major exports.
ca.finance.yahoo.com/news/canadian-dollar-strengthens-benchmark-yield-131012336.html
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Mar 8, 2022 · TORONTO, March 8 (Reuters) - As the Russia-Ukraine crisis propels crude oil to its highest level in 14 years, the historic link between the Canadian dollar and energy prices has weakened,...
Mar 8, 2022 · TORONTO (Reuters) - As the Russia-Ukraine crisis propels crude oil to its highest level in 14 years, the historic link between the Canadian dollar and energy prices has weakened, leaving the...
Mar 5, 2022 · Fact checked by. Timothy Li. The exchange rate between Canada and the U.S. is often strongly correlated to the price of oil. Over the long run, when the price of oil rises, the value of the...
