Although there has been a disconnect between oil prices and the Canadian dollar, traders are starting to realize that sooner or later the move higher in oil prices is too big to ignore against the CAD. Oil has moved over 40% higher while the USDCAD has only moved 3%, the gap is too big.
Currently Close Range
USDCAD 1.3333 1.3383 1.3313-1.3388
EURCAD 1.5071 1.5061 1.5051-1.5101
GBPCAD 1.7447 1.7467 1.7416-1.7494
US: Consumer Sentiment Apr 98.4 96.9