USD trumps the CAD
Although oil prices are up sharply (above 7% on the day), the USDCAD is higher (CAD is lower). Typically, when the price of oil goes higher, so too does the CAD (the USDCAD goes lower).
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USD trumps the CAD
Although oil prices are up sharply (above 7% on the day), the USDCAD is higher (CAD is lower). Typically, when the price of oil goes higher, so too does the CAD (the USDCAD goes lower).