Oil is no longer driving the loonie, household debt is: currency analyst

From youtube.com/bnnbloomberg

Bipan Rai, global head of FX Strategy at CIBC Capital Markets, says for decades the distinguishing characteristic for the CAD in the currency market has been oil, but that has been replaced by household debt. He says the U.S. has risen a player in energy production, and there has been a lack of investment in the crude oil market in Canada.