The Canadian dollar is losing ground again. Oil prices are all over the place, and that's making things messy—especially when you throw trade agreements into the mix. Here's the thing: commodity-linked currencies like CAD are super sensitive to energy markets. When oil wobbles, the loonie wobbles with it. And if trade talks go sideways? That only makes the pressure worse. For traders watching currency correlations and macro flows, this is the kind of volatility that ripples across multiple asset classes. Keep an eye on how crude settles and what policy moves come next—both could shift the game significantly.