Earlier quoted context omitted.
A big reason driving the collapse of the Canadian dollar is the incumbent government's climate change policy. Since being elected to power, the government has regulated, stalled and effectively defunded the fossil fuel industry, accounting for approx. 22-30% of Canada's GDP. That loss of revenue is felt in the dollar exchange.
This is not true in the slightest. Beyond the fact that the government went so far as to buy a pipeline to ensure added capacity for Alberta oil sands development, they've been enormously supportive of LNG development in BC, approving many projects and recently going so far as to give a $500M loan toward a project. https://www.ipolitics.ca/news/crown-corp-loans-500-million-f...
https://financialpost.com/commodities/energy/the-30-billion-...
The government has openly committed to ending all funding for fossil fuels in 2024:
https://www.iisd.org/articles/insight/ending-canada-support-...