Canada house price data has just been released to show an alarming drop of 0.6% m/m, the biggest monthly decline since Feb 1991. The market had been looking for a 0.2% drop. The data has definitely had an impact on the Canadian Dollar, with the single currency only benefiting slightly against the USD despite the broad based USD sell-off, and getting slammed on the crosses. Usd/Cad trades 1.2775 with key support eyed by 1.2715.