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Dec 10, 2015 Of course, trade between the countries is much more than oil, but many of Canada's other commodity exports have a price that is well correlated Feb 23, 2018 USDCAD and crude oil prices are supposed to move in opposite directions. This week, however, that negative correlation suddenly disappeared. decline from $66.63, we thought that even if the black gold loses another dollar a barrel in wave “c”, a bullish reversal should follow. More vs Better Trades?