Forexpros – Canadian housing starts fell less-than-expected in January, official data showed on Wednesday.
In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts fell to 198,000 units in January from an unrevised 200,000 units in December.
Analysts had expected Canadian housing starts to decline to 192,000 units in January.
Commenting on the report, deputy chief economist at CMHC’s Market Analysis Centre Mathieu Laberge said, “The slight decrease posted in January was attributable to a decrease in Quebec and in Atlantic Canada.”
“The multiple starts segment accounted for most of the reduction in those two regions,” he added.
Following the release of the data, the Canadian dollar was fractionally higher against its U.S. counterpart, with USD/CAD easing down 0.05% to trade at 0.9940.
- Real Time Charts
- Forex Charts
- Futures Charts
- Stocks Charts
- Indices Charts
Add a Comment
Successfully Reported
Thank you. This comment has been flagged for a moderator.