Not surprisingly, the Canadian has become the worst place to be as the unrelenting slide in oil prices hits the currency straight on. Even without noted strength in the Dollar, the Canadian has come under pressure because of surprisingly recovery action in the Yen, Swiss, Euro and Pound and that suggests the Canadian is generally out of favor with everything. While this might eventually create a significant buying opportunity in the Canadian, it is premature to think that the Canadian will be able to halt the slide today.
