USD/CAD has been on a roller coaster ride in recent days amid heightened geopolitical tensions in Eastern Europe after Russia launched a military operation and began an unprovoked invasion of Ukraine. Against this backdrop, the pair briefly climbed to a two-month high of 1.2878 on Thursday before settling around 1.2735 ahead of the weekend. Although oil prices have surged this year, with the West Texas Intermediate blend up 5% in February and up over 22% in 2022, the Canadian dollar (loonie) has been unable to take advantage of the situation, as high volatility and risk-averse sentiment have limited the appeal of ... (full story)