Welcome
Settings
Policy
COOKIES
We use cookies to give you the best online experience. Strictly necessary cookies are on by default. Additional cookies are off by default. You can choose which of these additional cookies to allow by enabling them on our settings tab.
All the data we collect is anonymous, in accordance with the GDPR.
Your cookie preferences will be stored for one year, but you can modify your preferences at any time by clicking on ‘Cookies’ in our footer.
Analytics
These cookies track what pages are visited on our website, to help us monitor and improve our content.
Cookies
We use cookies from:
- Google Analytics
- Zoom Info
Media
We embed videos and other media hosted by third parties. Cookies help us keep track of what videos are being watched, and allow those third parties to serve you related content on their own sites. The videos will still work if you do not accept cookies.
Cookies
We use cookies from:
- YouTube
- Vimeo
Other
Miscellaneous cookies – currently none from third parties.
Cookies
xxx
Essential
Cookies
Cookie policy
Loonie
“Loonie” is market slang for the Canadian dollar, derived from the loon depicted on Canada’s one-dollar coin. In oil trading, the loonie is closely watched due to Canada’s role as a major crude oil producer and exporter.
Movements in oil prices often correlate with the Canadian dollar, particularly during periods when energy exports dominate trade balances. Traders may use currency positions to express oil-linked macro views.
The loonie also matters operationally for oil sands producers, pipeline tariffs, and cross-border transactions priced in U.S. dollars. Exchange rate shifts can materially affect margins and hedging outcomes.
Understanding currency–commodity relationships is an important aspect of integrated oil trading and risk management.