The David Lin Report · Monday, July 13, 2026
Ron Butler states that the Canadian dollar's value is closely linked to oil prices and the strength of the US dollar. If oil prices fall, the Canadian dollar is likely to weaken, and a strengthening US dollar further contributes to the Canadian dollar's decline.
“Well, the Canadian dollar is very much tied to the price of oil. And, and as I said, if oil prices continue to fall, then the Canadian dollar will continue to fall.”
“And, and if oil prices continue to rise, then the Canadian dollar will continue to rise.”
“And, and if the US dollar continues to strengthen, then the Canadian dollar will continue to fall.”