oil price and canadian dollar trend

Canadian dollar may plummet in response to oil

Eric Garland DataLab

The Canadian dollar is set to show record weakness in its exchange against the US dollar. Likely this is due to the weakness in demand for petroleum and the effect of fracking financed by junk bonds.

As the U.S.-Canada bilateral trade relationship is the largest in the world, this imbalance will have wide ranging impacts on real estate, retail, and primary materials.