USD/CAD broke 1.1500 in a quick move up to 1.1532 as oil flirts with $60. Bank of Canada Governor Steven Poloz is on the wires saying there is no bubble in the Canadian housing market “in any way” and the probability of a housing market correction is “really low” but the BOC report yesterday that warned about a 10-30% correction in house prices is front page news on Canada’s Globe & Mail. Meanwhile, out on the west coast — where for detached homes in the Greater Vancouver area hit $628,000. Here was the front page. (full story)