Quote:
Originally Posted by corporatejay
Doesn't the low dollar really help here though? If Oil is at $50, that's 60$ CAD, which is what you're paying your employees/trades in (typically).
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I think it's a mitigating factor, but does not wholly compensate for the loss of the commodity price. I recall seeing something recently that used CNRL as an example that all else being equal losses more on the decline in oil prices than it gains back due to currency movements in relation to the fall in commodity prices.