Analysts at TD Securities note that the Canadian housing starts were stronger than expected at 227k (market: 213k, TD: 230k) in August. Key Quotes “The headline print was the result of a sharp increase in single-family starts which rose 13.6% m/m to 53.2k, the strongest pace since mid-2018, while urban multi-unit starts fell by 1.4%. The strength in single-family starts is bullish for investment given the higher capital outlays for a single-family home versus a condo unit, and supports our expectations for residential investment to sustain its recent momentum into Q3.” “Building permits also beat expectations with a 3.0% m/m increase in July (market: 2.0%). Residential permit issuance rose by 2.2% on a 4.2% increase in the multiunit component while non-res permits saw a 4.3% gain.” 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/JPY probes 50-day EMA amid fresh risk-on FX Street 4 years Analysts at TD Securities note that the Canadian housing starts were stronger than expected at 227k (market: 213k, TD: 230k) in August. Key Quotes "The headline print was the result of a sharp increase in single-family starts which rose 13.6% m/m to 53.2k, the strongest pace since mid-2018, while urban multi-unit starts fell by 1.4%. The strength in single-family starts is bullish for investment given the higher capital outlays for a single-family home versus a condo unit, and supports our expectations for residential investment to sustain its recent momentum into Q3." "Building permits also beat expectations with a 3.0% m/m… 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.
