Financial Post | 'Slightly expensive' Canadian dollar breaks ranks with oil The Globe and Mail Oil and the Canadian dollar are parting ways, in a move that may support the loonie, CIBC World Markets says. “The strong inverse correlation between oil and [the Canadian dollar] cannot be expected to last forever, and we're finally starting to see ... Even climbing oil prices can't save the loonie as Canadian economy keeps slipping Loonie continues to grind higher |