RE:RE:RE:RE:Positive Q3 CommentsCanada still an Agrarian country after 200 years with it's oil subject to deeper discounts than RU oil thanks to stealth sanctions and price caps thanks to only one foreign customer USA. All the NOC and supermajors pulled out now investing in LatAM, Africa and Asia. SU is a global embarrassment with the largest industrial toxic dump on the planet.
autofocus111 wrote: Migraine "That said, a higher oil price still has the power to move the needle creating a stronger CAD." Agree. High oil typically drives superior GDP growth vs. other countries which in turn pushes up CAD. Canada GDP remains reliant on commodities so eventually that should show up in FX, but it may be a longer wait this time around with a recession and weak govt spending control.