# Here’s Why the Relationship Between Oil and the Canadian Dollar has Broken Down

> Analysts say the Canadian dollar and Norwegian krone no longer track oil prices as closely as they once did. The divergence became clear in September, when oil rose while both currencies lagged.

- Date: 2017-12-20 · published 2017-12-20T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/67692-here-s-why-the-relationship-between-oil-and-the-canadian-dollar-has-broken-down
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker link between oil and the loonie makes currency moves less predictable for feed buyers hedging Canadian-origin supply. Oil itself is not the direct driver of feed prices in this story.

## Read by commodity

- WTI: neutral
- USDCAD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/8205-pushing-a-piece-of-string-the-break-down-of-the-relationship-between-oil-and-the-canadian-dollar

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