# Canada: Is Debt, Real Estate Sinking the Loonie?

> CME analysis argues the Canadian dollar has decoupled from oil since mid-2016 because of high household debt and overvalued real estate. It contrasts Canada's housing situation with the US housing crash of 2007-2009.

- Date: 2017-05-09 · published 2017-05-09T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71241-canada-is-debt-real-estate-sinking-the-loonie
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The loonie's underperformance versus crude is a currency-specific driver, so oil price moves alone may not lift the CAD and affect Canadian export pricing.

## Read by commodity

- USDCAD: neutral

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/canada-is-debt-real-estate-sinking-the-loonie

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.