That's an interesting point. There was a lot of talk about Canada being a petrocurrency, particularly during the run-up of the dollar to parity in the 2000s. Over the last year, we've seen oil prices recover substantially, from record lows to $85 or $86 a barrel. Then you look at the dollar today, and it has sunk below 79ยข again. Clearly, the exchange rate has not demonstrated the linkage to commodity prices that we have seen in the past.
On January 24th, 2022. See this statement in context.