CBC.ca | Canadian dollar rises to highest point of 2016 as oil goes above $40 US CBC.ca The Canadian dollar gained more than half a cent on Monday as the price of crude oil jumped back above $40 US per barrel. A barrel of West Texas Intermediate was up by more than one per cent to above $40 a barrel on Monday as OPEC and non-OPEC ... Loonie strengthens to 11-day high as oil rallies Air Canada Investors: Don't Worry About Oil Prices |