Analysts at National Bank Financial notes that Canadian housing starts were significantly up in June due to a large upward swing in the urban multiple category. Key Quotes “The breakdown reveals an expansion stemming from Ontario and Quebec, specifically with Toronto and Montreal seeing monthly jumps of 231% and 68% respectively in the multi category.” “Although these results come after a slight faltering in the prior month the upswing was not too surprising due to demand being tilted towards the urban multiple category given sustained pressure for more affordable housing, especially in an environment of stricter mortgage requirements.” “Looking at the quarterly picture, housing starts countrywide are on pace to contract an annualized 9.0% in Q2 and that on the back of an 8.0% decline in Q1. That may translate into a negative contribution to growth from residential construction in the second quarter of 2018.” 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 USD/JPY now looks to 111.50 near term – UOB FX Street 4 years Analysts at National Bank Financial notes that Canadian housing starts were significantly up in June due to a large upward swing in the urban multiple category. Key Quotes "The breakdown reveals an expansion stemming from Ontario and Quebec, specifically with Toronto and Montreal seeing monthly jumps of 231% and 68% respectively in the multi category." "Although these results come after a slight faltering in the prior month the upswing was not too surprising due to demand being tilted towards the urban multiple category given sustained pressure for more affordable housing, especially in an environment of stricter mortgage requirements." "Looking at… Top 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.
