Robert Kavcic, a Director and Senior Economist at the bank of Montreal, recaps the data released by Canada regarding Housing Starts. USD/CAD is sitting at 1.4029. Key quotes “Canadian housing starts fell to 195,200 annualized units in March, from 210,600 in the prior month, a still-solid level of activity.” “Canadian building permits fell 7.3% in February. The level of residential permits was 250k annualized, which was a still-heated level heading into the downturn.” “Residential construction activity isn’t getting completely shut down like some other sectors of the economy. But rules in some provinces have stopped new activity, while others working with preventative measures in place will still see output down meaningfully through the second quarter.” 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 Oil: Unlikely double digit cut – TDS FX Street 2 years Robert Kavcic, a Director and Senior Economist at the bank of Montreal, recaps the data released by Canada regarding Housing Starts. USD/CAD is sitting at 1.4029. Key quotes “Canadian housing starts fell to 195,200 annualized units in March, from 210,600 in the prior month, a still-solid level of activity.” “Canadian building permits fell 7.3% in February. The level of residential permits was 250k annualized, which was a still-heated level heading into the downturn.” “Residential construction activity isn’t getting completely shut down like some other sectors of the economy. But rules in some provinces have stopped new activity, while others working… 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.
