Listener Q&A episode
The New Bazaar
00:00
Canadian Dollar
Canadians mostly buy goods and services that are priced in canadian dollars. In other words, almost all the divergence you're seeing in canadian and us. G d p is a function of exchange rates more than anything else. The price of oil from canada's tar sands went from about 36 us. Dollars a barrel in two thousand five to a peak of 78 us. Dollars a barrel in 20 11. Since then, canadian oil prices have been stuck around 30 to forty us. Dollar a barrel. That put a lot of pressure on the canadian dollar.
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