Dynamics of Canadian Oil Price and its Impact on Exchange Rate and Stock Market

Hussein Alzyoud, Eric Zengxiang Wang and Michael Glenn Basso
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Hussein Alzyoud: Faculty of Business, Athabasca University, Canada,
Eric Zengxiang Wang: Faculty of Business, Athabasca University, Canada,
Michael Glenn Basso: Faculty of Business, Athabasca University, Canada.

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 3, 107-114

Abstract: The objective of this study is to analyse the impact of crude oil prices (COP) on exchange rate and stock market returns in Canada for the period of 1986 2015. The results of the study suggest that there was no cointegration among COP, exchange rate and stock market returns. Regression analysis shows that COP and exchange rate, and their variations have a positive and significant impact on the Canadian stock market returns. Policy implications are also discussed.

Keywords: Stock Market; Crude Oil; Exchange Rate; Rolling; OLS; DOLS; GARCH. (search for similar items in EconPapers)
JEL-codes: L71 Q47 Q48 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-03-16

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