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CAD has a very high correlation with oil prices, according to [1] it's 0.78. [1] http://www.investopedia.com/articles/investing/021315/how-why-oil-impacts-cana

• tempestn 11y ago
  Thank you, yes, another great point. Of course, that doesn't necessarily mean a lower CAD isn't 'bad', but it does suggest it isn't really the government's fault. (Unless you feel the government should be working harder to reduce that correlation (and more generally the economy's reliance on natural resources).)