The Canadian Dollar-China, Oil and Value
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This document discusses the recent Chinese investment in Canadian petroleum industry infrastructure. The writer points out that this investment coincides with China's increased purchases of Canadian petroleum products; particularly its oil sand reserves. The hypothesis that this increased Chinese demand of Canadian energy reserves has impacted the value of the Canadian dollar is examined in depth.
From the Paper:"Canada is stated to have the second largest, by some accounts the largest, oil reserves in the world after Saudi Arabia. Yet, the extent of these oil fields are primarily limited to vast oil sand fields in Alberta Province of Western Canada. Because of the traditionally difficult and costly nature of recovering and refining these types of oil supplies, Canada, and by extension, the Canadian currency, has not benefited greatly from the existence of these oil reserves in the past. This situation has changed in the last several years with the increase in oil prices and the destabilization of the petroleum industry in general. Therefore, the problem statement that forms the ... "
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The Canadian Dollar-China, Oil and Value (2006, December 01) Retrieved June 01, 2020, from https://www.academon.com/research-paper/the-canadian-dollar-china-oil-and-value-88326/
"The Canadian Dollar-China, Oil and Value" 01 December 2006. Web. 01 June. 2020. <https://www.academon.com/research-paper/the-canadian-dollar-china-oil-and-value-88326/>