Analysts continue to try and figure different reasons why the Canadian dollar keeps sliding, with the loonie trading below 73 cents Wednesday and closing at 72.92 cents U.S.
Some are even forecasting lower levels ahead, even down to around 71.5 cents.
Reasons given include a possible housing bubble and the interest rate differential between the U.S. and Canada driving funds south of the border.
Others are calling it the Trump administration and its stance on free trade.
However the biggest driver of the dollar is oil prices, and for years if not decades, as goes the price of oil so goes the loonie. And oil prices continue to tumble.
One can literally take a chart of the Canadian dollar, lay it over a chart of crude oil and they are almost identical.
Want to know when the dollar will recover? When oil prices recover. Simple really.