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The Canadian dollar has hit a rough patch against the U.S. dollar, following 12 straight days of declines. What's behind this slide?
- 2 min
- 253
- CME Group
Feb 24, 2022 · The traditional bond between oil and the Canadian dollar has weakened. What factors are causing the loonie and oil to go their separate ways?
Mar 8, 2023 · Kathy Lien, managing director at BKForex, joins BNN Bloomberg's Amber Kanwar with her three hot picks in currencies. Lien says she rates the loonie as a sell...
- 6 min
- 18K
- BNN Bloomberg
Mar 8, 2022 · The Canadian dollar is no longer growing at a pace tied to oil prices, exacerbating pains at the pumps and putting more pressure on the Bank of Canada to tame inflation.
- 2 min
- Fergal Smith
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, leaving...
Feb 24, 2022 · Surging energy prices are typically a boon for Canada. But not this time. Back to video. On Thursday, oil soared above US$100 a barrel for the first time since 2014 as Russia began a full-scale invasion of Ukraine, triggering fears of a disruption to energy exports amid already tight supplies.
People also ask
What happened to the Canadian dollar and oil prices?
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Is there a connection between the Canadian dollar and oil?
Is Canada getting the currency strength that would dampen inflation?
Will the bank of Canada be able to fight inflation?
Will the oil rally strengthen the Canadian dollar?
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...