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Reason: None provided.

Oil Exports will suffer on currency loss

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.

3 years ago
1 score
Reason: Original

Oil Exports will suffer on currency loss

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. Higher than today.

So despite the loonie being on par with the USD, we produced more and more oil each month.

3 years ago
1 score