Dynamics of Canadian Oil Price and its Impact on Exchange Rate and Stock Market.

Authors

  • Hussein Alzyoud Athabasca University-Canada
  • Eric Zengxiang Wang Faculty of Business Athabasca University
  • Michael Glenn Basso DBA (in progress) Faculty of Business - Athabasca University.

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.Keywords: Stock Market, Crude Oil, Exchange Rate, Rolling, OLS, DOLS, GARCH. JEL Classifications: L71, Q47, Q48   

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Author Biographies

Hussein Alzyoud, Athabasca University-Canada

Dr. Alzyoud completed his PhD in Economics in 2001, and joined the faculty of Athabasca University in 2004. His teachings included International Finance, International Trade, global economy and an Introduction to Microeconomics at the undergraduate level. His main research interests are International economics, social economy and gender income gap.

Eric Zengxiang Wang, Faculty of Business Athabasca University

Associate Professor, Finance Associate Dean, Student Experience Faculty of Business Athabasca University

Michael Glenn Basso, DBA (in progress) Faculty of Business - Athabasca University.

Michael Glenn Basso, CPA, CGA, MBA, DBA (in progress) Faculty of Business - Athabasca University.

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Published

2018-05-08

How to Cite

Alzyoud, H., Wang, E. Z., & Basso, M. G. (2018). Dynamics of Canadian Oil Price and its Impact on Exchange Rate and Stock Market. International Journal of Energy Economics and Policy, 8(3), 107–114. Retrieved from https://econjournals.com/index.php/ijeep/article/view/6184

Issue

Vol. 8 No. 3 (2018)

Section

Articles

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