Canopy Growth Corp (WEED)

[john1311]

CAD$ moving up again, clawing back last week's losses ... after the CAD$ fell off a cliff on January 18th. The price of oil has moved up. Canadian oil companies must be getting back to making money. If I understand it, Canada has invested heavily in oil, and now those investments are coming on stream, and into production, and they should be showing profits for the next two years or so.... however, Canada was caught as an oil producer when the oil price collapsed in 2015 and 2016.... So other oil investments did not go ahead, and that will be felt in a year or twos time.... With the OPEC production deal oil has moved up to the $50 range... giving Canada more money... that means the CAD$ is gaining strength against the Euro and against the US dollar and the Danish Krone. The CAD$ fell off a cliff on January 18th, when the central bank threatened to cut interest rate to 0.25% (I think it is 0.50%) but the CAD$ has risen again since then, yet it is still below last week's close. CAD$ fell from 2012 to 2014, then rose in 2015 before the Saudies upped oil production and collapsed the oil price down into the $30s... oil is now at $50s range, so the CAD$ has risen since Feb, 2016... i would expect that over the next two years that the CAD$ would be strong against the Euro due to the oil price increasing, however, the Canadian central bank could cut the interest rate and the CAD$ could fall off another cliff...imo