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“The Canadian dollar is outperforming most of its advanced-economy brethren as rising crude prices drive buying interest,” Karl Schamotta, chief market strategist at 91����� Currency Research, said in a note. “Correlations between the loonie and oil prices have tended to peak when the West Texas Intermediate benchmark has entered the US$75-US$100 per barrel range.” Crude at US$75 a barrel is above the breakeven production point for Canadian oil producers. Schamotta said that means investment in Canadian energy could rise, possibly bringing the “loonie’s ‘petrocurrency’ status back to life.”