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80-cent loonie: Good for shoppers, bad for oil producers - CBC.ca
CBC.ca | 80-cent loonie: Good for shoppers, bad for oil producers CBC.ca One of the few saving graces of the oil downturn has been that oil is priced in U.S. dollars. Energy companies sell their products in U.S. currency, but pay their expenses in Canadian dollars. So as the loonie dropped over the past three years, it ... Loonie hits 80 cents (US) as trade figures beat, oil rises |
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