Articles in the Numbers Category
Within the course of my PhD I have seen the dollar go from just above to parity 1.0297 on September 14, 2012 to a low of 0.6865 USD per CAD on January 19th, 2016 – a 67% decline in value. I’m not sure if it says more about the state of the Canadian economy or just how long I’ve been doing this PhD gig. This got me thinking: How correlated has the loonie been with the price of oil? Has this relationship changed since the commodity supercycle began?
Growing up I remember the days when we would get +30 cm of snow overnight in Toronto, as well as the mild winters and its miserable rain. Some memorable winters include December 1999 when I remember waking up to 40 cm of snow, December 2006 when my cousin from the Azores visited during Christmas to witness one of the most mild winters I had seen, and the 2007-2008 winter when Toronto received record snowfall. It may seem like Mother Nature has a way of flipping a coin between winters …