EUR/CAD – The Weakest of All the CAD Pairs

//EUR/CAD – The Weakest of All the CAD Pairs

When the anticipated supply of something goes down, the price usually goes up. Such is the case with oil as a result of the attack over the weekend on Saudi Arabia’s largest faciality. Because of the attack, the anticipated supply of oil went down, causing prices to go up. If the price of oil is going up, the price of a currency of other oil exporting countries usually will go up as well. Canada is an oil export led economy. When the price of crude oil goes up, generally, the price of the Canadian Dollar will as well. Today, the Canadian Dollar was up against all major currencies across the board. However, it was up … (full story)