There's a good reason the Canadian dollar is grouped with the other commodity-linked currencies: Canada has significant stores of oil, so the currency often moves in tandem with oil prices.
Just not this time.
While crude oil prices have risen six percent since the beginning of the year, the Canadian dollar has actually weakened slightly.
Kathy Lien, a managing director at BK Asset Management, says there's a good reason for the unusual divergence.
"The price of oil coming out of Canada is not rising as fast as the price of
OIl prices are not the only reason to bearish on the Canadian dollar right now, LIen told CNBC's Melissa Lee.