Oil gains finally spill over to Canadian dollar
USD/CAD knocked out a minor intraday double bottom with a slip below 1.2917. Oil is up $1.23 and that's lifting the Canadian dollar and weighing on USD/CAD.
It's a decent little technical break but a tough of day to be chasing a Canadian dollar move.
A few oil companies are already talking about restarting production in Alberta as the fire passes and that's eased some of the concerns about Canada.
