The Canadian dollar just posted its worst daily performance in over 10 months, tanking as crude oil prices continue their downward spiral. When oil falls—and Canada's economy is heavily tied to energy exports—the loonie takes the hit too. This kind of currency weakness often signals broader economic headwinds, which traditionally spills into macro markets. For anyone tracking cross-asset correlations and currency movements, this is exactly the setup to watch. Weak commodities, weakening currencies, tightening liquidity—these are the conditions that reshape portfolio allocations and capital flows across emerging markets.