I’m so glad that the powers that be have tied our economy so entirely to this one singular, volatile and geopolitically treacherous commodity, and how their answer to every question is to double down even further on this strategy.
OptiPath on
Pipeline to access more markets. For the sake of Canada, get it done.
DZello on
The funny thing is that this drop will practically cancel some of the tariffs…
ZestyBeanDude on
>”The market has a hard time pricing in big geopolitical changes and Canada was caught up in that with Venezuela,” said Adam Button, chief currency analyst at investingLive.
>”There is going to be a sober second assessment that shows that Canadian oil is far more competitive, far more stable and not threatened on any medium-term horizon,” Button said.
That’s good for people in the export business lol
TonyAbbottsNipples on
Oh good, another chance for chicken little to run around screaming that the Canadian dollar is falling.
It’s at 72 cents USD. That’s about where it was a month ago, a bit higher than it was a year ago. It’s also within the same range that it has been for the last decade.
Unless you’re a forex trader, these tiny shifts in the dollar are essentially meaningless. But people will use them to claim the economy is over or the dollar is dead or some other nonsense.
EatBaconDaily on
This is such an odd piece, the timetables it’s comparing seem so random.
I monitor the CAD here and there because I have some investments in USD and if you look from a year ago to today the CAD is up 17% on the USD and yesterday broke past slightly past 0.73 US, which it hasn’t been for a while.
grannyte on
Yay let’s build more pipeline and tie our whole economy to oil so we can all sink together when oil goes down.
Walkinghawk22 on
Meh voters got what they asked for. Another liberal term where they basically throw around tax payer money around Willie nillie and give Canadians nothing. I’m not saying PP would’ve done better but all the damage the Trudeau government did I’m amazed people believed anything would’ve been different.
Dobby068 on
By the time Carney sails in the sunset, our loonie will be worth 50 cents USD and about the same in EUR.
Carney will summarize it with another: “*Who cares!*”, mark my words.
Also, the federal debt will probably double again.
JohnDorian0506 on
at this point we should not call our money a dollar anymore, just call it a Loonie or something similar. It creates too much confusion.
AugmentedKing on
Maybe Carney can ask Xi to buy more oil.
Street_Anon on
Just market speculation
-Yazilliclick- on
Is 10 months some noteworthy metric or is this just chosen to make a headline? Because the longest streak of anything in 10 months doesn’t seem that noteworthy to me.
15 Comments
Elbows up, Dollar down!
I’m so glad that the powers that be have tied our economy so entirely to this one singular, volatile and geopolitically treacherous commodity, and how their answer to every question is to double down even further on this strategy.
Pipeline to access more markets. For the sake of Canada, get it done.
The funny thing is that this drop will practically cancel some of the tariffs…
>”The market has a hard time pricing in big geopolitical changes and Canada was caught up in that with Venezuela,” said Adam Button, chief currency analyst at investingLive.
>”There is going to be a sober second assessment that shows that Canadian oil is far more competitive, far more stable and not threatened on any medium-term horizon,” Button said.
Who would’ve thought that Trump’s communist-eque central planning was gonna work out: [Why Big Oil Is Unlikely To Run Back To Venezuela](https://www.forbes.com/sites/mattrandolph/2026/01/05/why-big-oil-is-unlikely-to-run-back-to-venezuela/)
That’s good for people in the export business lol
Oh good, another chance for chicken little to run around screaming that the Canadian dollar is falling.
It’s at 72 cents USD. That’s about where it was a month ago, a bit higher than it was a year ago. It’s also within the same range that it has been for the last decade.
Unless you’re a forex trader, these tiny shifts in the dollar are essentially meaningless. But people will use them to claim the economy is over or the dollar is dead or some other nonsense.
This is such an odd piece, the timetables it’s comparing seem so random.
I monitor the CAD here and there because I have some investments in USD and if you look from a year ago to today the CAD is up 17% on the USD and yesterday broke past slightly past 0.73 US, which it hasn’t been for a while.
Yay let’s build more pipeline and tie our whole economy to oil so we can all sink together when oil goes down.
Meh voters got what they asked for. Another liberal term where they basically throw around tax payer money around Willie nillie and give Canadians nothing. I’m not saying PP would’ve done better but all the damage the Trudeau government did I’m amazed people believed anything would’ve been different.
By the time Carney sails in the sunset, our loonie will be worth 50 cents USD and about the same in EUR.
Carney will summarize it with another: “*Who cares!*”, mark my words.
Also, the federal debt will probably double again.
at this point we should not call our money a dollar anymore, just call it a Loonie or something similar. It creates too much confusion.
Maybe Carney can ask Xi to buy more oil.
Just market speculation
Is 10 months some noteworthy metric or is this just chosen to make a headline? Because the longest streak of anything in 10 months doesn’t seem that noteworthy to me.