What happened to the Canadian dollar?

Macro economics, its the safest real coin.
Fear happened. Than shorts happened.

it went loony

>>1309318
kek

>>1309280
it's the current year

>>1309280
>it went loony

REKT

>>1309280
As much as the Candians don't like admitting it, a significant portion of their economy is oil, it's why they went through the 2008 recession relatively unscathed

Unsurprisingly, the moment oil fell in price was the moment the Canadian economy started growing less substantially

They're still ok because they do have a diversified economy, but the low price of oil at the moment is harming their economy

>not realising that its CAD per Dollar, so a drop is an increase in value of the CAD.

>>1309735
Yeah its all because oil is in the shits right now. Also our retard provincial leader Wynne wants to ban natural gas lel thinking they are going to save the environment.

Conservatives put most of their eggs into one basket - oil

I wish wed put more money on VCs and fintech and EVs

I read something about commodities and oil being down weakening it. Make any money shorting the CAD against the NZD London?

Most people were short bestiality

>>1309280

Canadian economy is structurally weak.

The only significant export is oil and when oil prices sagged due to oversupply, demand for the Canadian dollar died and therefore the value of the currency declined.

Simple as that.

commodity trap

>>1311111

this fucking faggot snabbing quints from me like a bitch nigga