Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canadian housing starts picked up to 227,000 annualized units in August as the 6-month trend is the strongest in more than a year and the building permits for July came in at a solid 221,000. Key Quotes “Canada’s housing recovery is on. The 6-month trend in housing starts is now just shy of 2017’s annual pace, which was the fastest in a decade. The pickup in starts, after a slowdown through much of 2018 and the first half of this year, mirrors a recovery in resale markets in recent months. The residential sector added to growth in Q2 for the first time in more than a year, and it looks like we’re in for a repeat performance in Q3.” “Regionally, the trend in housing starts in Quebec and BC is running close to cycle highs while the Prairies are seeing a modest recovery. Ontario, which was a laggard over the first half of the year, saw a nice increase in August and that helped the 6-month trend hook higher.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Risks tilted to the upside after ECB meeting – ING FX Street 4 years Josh Nye, senior economist at the Royal Bank of Canada, notes that the Canadian housing starts picked up to 227,000 annualized units in August as the 6-month trend is the strongest in more than a year and the building permits for July came in at a solid 221,000. Key Quotes "Canada's housing recovery is on. The 6-month trend in housing starts is now just shy of 2017's annual pace, which was the fastest in a decade. The pickup in starts, after a slowdown through much of 2018 and the first half of this year, mirrors a recovery in resale markets… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
