Canada exports as much as it Imports. But yes you are correct. When the price of oil was at $80 a barrel in US dollars it cost the companies in Canada $88 Canada dollar. Today the price of oil is about $96 US dollars and now that the Canada dollar is now worth more then the US dollar after you factor in the rate of exchange, it now costs Canada $89 Canada Dollard to buy 1 barrel of oil at $96 USD. that means that the price in US dollars has gone up by 20% since the price of oil was at $80 US yet in Canada the price increase has only gone up 1.14% because of the decline in the dollar. When you factor in inflation and other economic factors Canada now pays less for that very same oild at $96 USD then they were paying when the price was at $80 USD.