Nathan Janzen, Senior Economist at RBC Economic Research, suggests that the dip in Canada’s new housing starts to a 188.7k level in September from 198.8k in August marked a third straight slowing after a spike to (an unsustainably strong) 247k in June. Key Quotes “The data is volatile and stronger housing permit issuance argues there could still be stronger near-term building activity in the pipeline.” “The slowing in home building in recent months is broadly consistent with our view that those headwinds in the resale home market will ultimately spill over into slower homebuilding activity as well. We expect housing starts will average ~195k next year.” “Earlier housing market activity was probably too strong to be sustained. The slowing to a more manageable pace of activity should be welcomed by the Bank of Canada and isn’t expected to prevent further gradual interest rate hikes.” 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 US stocks trade mixed during early trade, Nasdaq outperforms FX Street 4 years Nathan Janzen, Senior Economist at RBC Economic Research, suggests that the dip in Canada's new housing starts to a 188.7k level in September from 198.8k in August marked a third straight slowing after a spike to (an unsustainably strong) 247k in June. Key Quotes "The data is volatile and stronger housing permit issuance argues there could still be stronger near-term building activity in the pipeline." "The slowing in home building in recent months is broadly consistent with our view that those headwinds in the resale home market will ultimately spill over into slower homebuilding activity as well. … 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.
