Oil prices davastating to rogue nations

[merrylander]

Originally Posted by BeamOn

Why would this affect your pension, you retired from Bell Canada right? Drastic fall in exchange rates? I am curious.

Because Canada has such oil reserves the glut lowers the price and affects their economy. The economy suffering has the $CDN dropping. It was bad enough when the Bank of England hired away the Governor of the Bank of Canada but the new Gov of B of C deliberately pushed the dollar down to aid exports. It was above parity not too long ago.