# Debt mountain casts shadow over the loonie - Euromoney

> The Canadian dollar rose after Canada added 48,300 jobs in January and oil prices strengthened under OPEC output limits. Markets raised the implied odds of a Canadian rate hike this year to over 40 percent, though analysts flag a housing bubble risk.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72729-debt-mountain-casts-shadow-over-the-loonie-euromoney
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stronger oil and jobs data support the loonie, which lowers USD/CAD and reduces Canadian import costs for US-priced feed. Rising Canadian rate expectations could also attract capital flows into the currency.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- euromoney.com: https://www.euromoney.com/article/27bjsncxo5vak9tlbamo2/foreign-exchange/debt-mountain-casts-shadow-over-the-loonie/

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