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  1. turbotax.community.intuit.ca › communitySolved: Foreign currency reporting - T5008 - TurboTax

    Dec 22, 2020 · Foreign currency reporting - T5008. Complete all T5008 slips in Canadian currency. Use the exchange rate that was in effect at the time of the transaction or an average rate that includes the transaction period. Foreign currency is usually converted to Canadian funds before it is credited to the recipient's account.

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      Foreign currency reporting - T5008. Complete all T5008 slips...

  2. en.macromicro.me › charts › 443USD/CAD vs. Oil Price | MacroMicro

    Canada is one of the world's largest exporters of commodities, including crude oil. Crude oil exports account for 10% of Canada's GDP. USD/CAD and the oil price have a positive correlation. (The y-axis to USD/CAD is reversed.) When oil prices rise, the Canadian dollar appreciates. CAD peaked out and reversed before oil prices did in 2008 and 2014.

  3. www.investopedia.com › articles › investingHow & Why Oil Impacts The Canadian Dollar - Investopedia

    • Crude Oil and Canada's Foreign Exchange Earnings
    • Supply and Demand
    • The Future of Oil in Canada

    The strong correlation between the Canadian/U.S. dollar exchange rate and oil prices is due, in large part, to the amount of the nation’s total foreign exchange earnings that are garnered through crude oil sales. In 2019, Canada was the fifth-largest producer and exporter of crude oil in the world.Crude oil is the largest single contributor of fore...

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    The price of any commodity or service is determined by supply and demand, and in the case of the Canadian/U.S. dollar exchange rate, the price is determined by the demand and supply of both Canadian dollars and U.S. dollars. Because crude oil exports account for a large portion of U.S. currency that's earned by Canada, movements in the price and th...

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    We can understand the future of oil in Canada by looking at how much crude oil is available in established reserves. Canada's oil sands are the third-largest proven oil reserve in the world. Canadian companies also rank as large natural gas-producing companies. Oil sand is a mixture of sand, clay other minerals, and water that occurs in nature. It ...

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  4. ca.finance.yahoo.com › news › canada-fx-debtCanadian dollar outperforms G10 peers as oil prices jump

    1 day ago · The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices climbed on the escalating Middle East conflict and domestic data showed factory activity rising for the first time in 17 months. The price of oil, one of Canada's major exports, climbed 3.8% to $70.78 a barrel following reports Iran was preparing to launch a missile attack on Israel. "The Iran-Israel ...

  5. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart - Macrotrends

    Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.

  6. ca.investing.com › commodities › crude-oilCrude Oil Price | WTI Price Chart - Investing.com Canada

    Get crude oil prices in realtime, including live charts for WTI, crude oil futures prices, historical data, news & analysis.

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  8. www.forex.com › en › news-and-analysisThe Crude Oil and Canadian Dollar correlation USDCAD WTI

    Dec 17, 2020 · Crude oil is one of Canada’s largest exports, so it’s not surprising to see that the two instruments are correlated. The bottom of the daily USD/CAD chart below shows the current correlation between WTI and the Canadian Dollar. USD/CAD and Crude Oil are negatively correlated, meaning that when one instrument moves higher, the other moves lower.