I'm curious if anyone understands how this might affect exchange rates of CAD with other currencies? I'm aware that other countries are also basically printing money with various COVID stimulus packages. But in Canada, where a large portion of GDP is tied up with housing, there is an even greater share of new money entering the system via mortgages (in Canada/most other countries? loans/mortages create an equivalent amount of new money as their value). I'm far from being an expert macro-economics, but would this housing bubble(?) not debase CAD at a higher rate than other currencies?
