$CAD is still not cheap vs oil, trade balance and economic activity

Posted on January 13th, 2016

Oil has plunged further this year, adding to the weaker trend since November last year.  Many analysts are now arguing that this is not sustainable, but the supply over-hang is severe and unlikely to be resolved for a long time.  Broader commodity prices have also fallen to new long-term lows; outside of the 2008/09 GFC, […]