Tag Archives: Gas Price

The Canadian Dollar is a Petrodollar

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This is a chart of the value of the Canadian Loonie Versus the US Dollar

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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.