Oil Prices Up to $45 'Already Priced into Loonie'

The video discusses the short-term negative impact on the Canadian economy, with banks lowering growth forecasts and a softer Canadian exchange rate expected. It also covers potential US Federal Reserve rate hikes, considering the timing around the UK referendum and US presidential election. Lastly, it examines the influence of commodities, particularly oil prices, on the Canadian dollar, noting that significant price changes are unlikely.

What factors could influence the Canadian dollar's value in relation to oil prices?

What is the expected range for oil prices that could affect the Canadian dollar?