Back to Blog
CAD has gotten stronger against the greenback particularly since the election. Biden in office means more quantitative easing and USD printing. On November 2nd, it had a high of 1.337 and has continued its fall since the plague to open at 1.309 today.
In the same period, oil (WTI) reached 35.72 USD the Monday before the US election and will open today at 42.465 USD, a smooth move in the opposite direction. This shows a propensity for the complete inverse correlation of -1.00. It's currently at -0.72.