[Hehe]

From current economic perspective, all looks toward China. Until China recovers, all commodities will be low, and that drags down loonie, which is heavily influenced by commodity prices.

Oil is in a deep shit because the market is flooded with it. With nothing but bad news coming out of China, that means no immediate increase in demand. US is the largest consumer, but its demand has been fairly stable for the last 2 decades, with cars (a major source of consumption of oil in US) shifting toward more efficient or outright oil-free, the demand isn't likely to increase in the next decade.

So, that leaves China, the second largest consumer... until there's stability in China, don't expect loonie to stabilize. Any expectations are just that, expectations.