The Canadian Dollar was one of the best-performing major currencies Thursday as it reaped the benefit of volatility in crude oil prices. The commodity is a key source of revenue in Canada and can thus imply knock-on effects for the economy and monetary policy. At one point during the Wall Street trading session, WTI was up over 28% for the session before quickly trimming gains to 16.72% by the close. The rollercoaster ride in oil could be contributed to confusion about production cuts between Saudi Arabia and Russia amid the ongoing price war. After a few days of talks, US President Donald Trump announced that Saudi ... (full story)