Analysts at National Bank Financial, suggest that the focus will be on the release of housing market data for the Canadian markets this week.
Key Quotes
“The week will provide some important information about the state of the housing market with the publication of February’s building permits and March’s housing starts. The latter may have bounced back to 205K in seasonally adjusted annualized terms after an outsized retreat the prior month. We’ll also keep an eye on the release of the Teranet-National Bank Composite Home Price Index for March.”
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