The brilliant performance of the Canadian dollar against the RMB last year has become a thing of the past. Under the drag of falling commodity prices and the faltering global economy, the exchange rate of the Canadian dollar has gradually declined. At present, the Canadian dollar exchange rate has been withdrawn to the level of nearly a year ago, and analysts believe that it is very unlikely that the Canadian dollar will rise above the parity level again against the RMB.

"If commodity prices continue to fall, the Canadian dollar exchange rate will definitely fall. Overall, we think that commodity prices will probably weaken in the second half of this year, "said Sal Guatieri, a senior analyst at BMO capital markets. "So unless the oil price returns to a record high, it will be difficult to achieve [the exchange rate of the Canadian dollar against the RMB]? Under the influence of the crude oil price and the euro on the RMB exchange rate, the Canadian dollar fell to 1.0452 against the US dollar on Tuesday from 1.02 a week ago.