What Happened to the Canadian Dollar?

Hint: The fate of the Canadian Dollar is closely tied to its exports in oil. The Canadian Dollar is considered to be one of the "commodity" currencies, because the value of the currency, like the Canadian economy, is closely tied to the value of its commodity exports.

This chart shows the US Dollar paired against the Canadian Dollar, so this chart moves inversely to the value of the Canadian Dollar, also known as the Loonie.