I guess it isn't just the BoC that
doesn't get it.

Mind you, at this point the only thing
they need to get is a pink piece of paper.

Today the CAD$ is around 74 cents.  
OIL is trading above $52 which means the
CAD$ should be trading above parity(!).
But as it sits the implied value of the CAD$ ex oil
is around 22cents... and that obviously did nothing
for exports.