*points to softening global oil demand and OPEC opening the taps in 2014 resulting in a massive drop in oil prices, especially less desirable Western Canadian Select, which dropped ~50% from US$79.56 a barrel in April 2014 to $40.38 in Dec. 2014, weakening the CDN$.
Reposted from
It's Jamie
Kevin O'Leary to @ianhanomansing.bsky.social on Cross Country Checkup, rough quote: "The Canadian dollar has dropped 40% against the US dollar under Trudeau."
Fact check: the CAD has dropped 34% from the 2011 peak, but just 4% of that drop happened under Trudeau. The big drop happened under Harper.
Fact check: the CAD has dropped 34% from the 2011 peak, but just 4% of that drop happened under Trudeau. The big drop happened under Harper.
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