Community Trust ScoreVerified 96 % Real Verified 25 votesWhat happenedThe Canadian dollar fell. Oil prices dropped, and the loonie followed — pretty much on cue, the way it almost always does. Canada’s dollar and crude prices move together so reliably that traders barely blink anymore when one drags the other. Oil prices cratered again, briefly going negative in April 2020 in one of the stranger moments in modern commodity history. The Canadian dollar isn’t the only one under pressure — but its degree of exposure to oil makes the moves sharper and faster than most peers.