The Canadian Dollar is a Petrodollar
This is a chart of the value of the Canadian Loonie Versus the US Dollar
This chart illustrates the price of oil in the same basic period.
Can you see the shape of these two charts. The Value of the Loonie is tied directly to the price of Oil, it’s our most valuable resource in terms of trading power and currency value. It’s about time that the Government took a hard look at whether it is a smart idea to let the Oil Companies continue to control a resource that truly sets Canada’s place in the world market.
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About the author
Kevin Wardrop
Kevin Wardrop is a former professional Problem solver turned self-employed blogger and computer janitor. While others were partying during high school, he lifted weights, suffered from Nerd Rage and played DM for some awesome Shadowrun Games.Kevin is a photographer. He hopes you enjoy his work.
You can learn more about Kevin's actual real professional history here.
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