# Once in Sync, Loonie’s Historic Link With Oil is Breaking Down - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow

> The Canadian dollar held firm during the week WTI crude futures fell below zero for the first time. The loonie slid only 0.7% against the greenback while other oil-linked currencies such as the Mexican peso fell more sharply. Analysts said the historic link between the loonie and crude is weakening.

- Date: 2020-04-25 · published 2020-04-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53866-once-in-sync-loonie-s-historic-link-with-oil-is-breaking-down-canadian-energy
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The decoupling of petro-currencies from crude means oil price moves are a less reliable guide to exchange-rate-driven import costs for Latin American and Canadian feed buyers.

## Read by commodity

- WTI: neutral
- USDCAD: neutral
- USDMXN: neutral

## Sources

- energynow.ca: https://energynow.ca/2020/04/once-in-sync-loonies-historic-link-with-oil-is-breaking-down/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.