It's been awhile since I wrote a blog. Let's see if I can remember how to do this. Thank God Scott writes them often (and way better).
A quick look at why the C$ is weakening even in the face of higher oil prices. What gives?
WTI in orange and the C$ (CAD/USD...not how it trades in the market but certainly the way the press reports it along with how most retail investors view it) in white.
There has been a reasonable correlation between the price of oil and the C$ over time but since about Sept/17, it seems to have broken down. Why?
Here are my Top 10 reasons why the C$ is weakening while oil is rising (well, nothing on oil really but suffice to say our view all year has been that OPEC/Saudi Arabia need the price well north of $60 per bbl):
So, how have we invested our money with some of these negative views on the C$ and Canada in general?
Past performance is no guarantee of future performance.