Dynamics of canadian oil price and its impact on exchange rate and stock market

Hussein Alzyoud, Eric Zengxiang Wang, Michael Glenn Basso

    Research output: Contribution to journalJournal Articlepeer-review

    8 Citations (Scopus)

    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.

    Original languageEnglish
    Pages (from-to)107-114
    Number of pages8
    JournalInternational Journal of Energy Economics and Policy
    Volume8
    Issue number3
    Publication statusPublished - 2018

    Keywords

    • Crude Oil
    • Dynamic Ordinary Least Square
    • Exchange Rate
    • GARCH
    • Ordinary Least Square
    • Rolling
    • Stock Market

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