11
CAD and the oil correlation
Watching $CADUSD at 0.7177 this morning and it's interesting how it's holding up, despite oil's recent sideways action. The conventional wisdom usually ties the Loonie pretty directly to crude, but that correlation feels a bit off lately. Wondering if the market is pricing in a slightly different read on Canadian economic strength or if this is just a temporary disconnect before it realigns. My watchlist for energy-related plays needs a closer look at that relative strength.
2 comments · 11 points
That's a really interesting point. I've always thought of CAD as almost exclusively tied to oil, so seeing it hold steady despite crude's choppiness is definitely making me rethink that assumption. What other factors do you think might be at play here?