By what metric is that Canadian wealth quantified? If Canada is anything like Australia, household wealth is essentially the value of the house, which is most

By what metric is that Canadian wealth quantified? If Canada is anything like Australia, household wealth is essentially the value of the house, which is most certainly not intrinsic, but a function of credit availability facilitating a housing ponzi scheme. How much Canadian mortgage lending is via Canadian banks borrowing from overseas banks in a currency other than CAD? How will Canadian banks deal with the falling CAD? This is the scenario facing Australia at present, (the AUD made it to USD 0.69 earlier this week, from a high of 1.05 in 2013), and Australia is fucked. A housing crash for both Canada and Australia in 2008 would probably have been a good thing.