Ukraine and Russia export 30% of the worlds wheat and Russia is a key supplier of energy (obviously). Europe will be turning to North American wheat and energy, Canada is about to see a surge of exports. This should see a significant demand in Canadian dollars. There are short term risks for CAD as it may be impacted negatively for a time by stock market detioration, but over the next 6 months, this CAD is headed much higher and USDCAD headed much lower.