The USD/CAD is tilting lower helped by the relatively higher crude oil prices and the weak US dollar. The pair is trading at 1.2627, which is slightly above the year-to-date low of 1.2590. Canada is the fourth-largest crude oil producer after the United States, Saudi Arabia, and Russia. Therefore, the Canadian dollar tends to do well when the price of oil is rising. This week, the price of oil has continued its uptrend ahead of key actions in the US Congress about stimulus. The $1.9 trillion stimulus package will be positive for crude oil prices because it would stir demand and devalue the US dollar. Oil price has ... (full story)