From November 2009 to late 2014 the CAD was between $0.9 and $1. And sometimes even above. Higher than today. During that time our oil exports went from $4 billion a month to over $8 billion a month. Also higher than today.
So despite the loonie being on par with the USD, we produced more and more oil each month.
I don't think that this will happen.
From November 2009 to late 2014 the CAD was between $0.9 and $1. And sometimes even above. Higher than today. During that time our oil exports went from $4 billion a month to over $8 billion a month. Also higher than today.
So despite the loonie being on par with the USD, we produced more and more oil each month.