The Truth Behind The Tumbling Canadian Dollar

Foreign Exchange, 08.05.2020 - James C.E. Silk

The Canadian dollar has experienced a decade of volatility and weakness. Oil prices are facing cyclical lows; the economy has faced a damaging trade deficit; and Covid-19 has effectively traumatised the nation’s economic status. This document will include a regression analysis between the price of WTI Crude and the USDCAD, and will function to predict the future prospects of the Canadian dollar. It will...