Thoughts on CAD strength amidst recent oil volatility

Been watching the CAD lately, especially how it's reacting to this recent choppiness in oil prices. Feels like the correlation isn't as straightforward as it once was, or maybe I'm just looking at it too simplistically. We've seen some pretty decent swings in crude, yet the CAD hasn't mirrored it with the kind of knee-jerk reaction you might expect in either direction. I'm looking at $NZDCAD, currently around 0.82515, and it's down a bit today.

Is anyone else feeling like the market is pricing in other factors more heavily for the Canadian dollar now? Maybe a stronger lean on the BoC's stance, or broader sentiment around North American growth? Just trying to figure out if my typical mental model for CAD's drivers needs an update, or if this is just short-term noise. Curious to hear how others are interpreting the current dynamics for CAD crosses.