| Is crude oil becoming old news? A particular currency seems to be suggesting so, says one strategist. On Tuesday, Boris Schlossberg of BK Asset Management noted that the correlation between the Canadian dollar and crude oil has been weakening, a sign that oil's influence over markets may be coming to an end.
Since oil accounts for a major part of Canada's exports, the country's currency tends to trade in tandem with the price of crude oil. Earlier this year, Schlossberg declared that everything from stocks to currencies were taking cues from crude oil's wild swings...............................................Full Article: Source
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