Analysts at TD Securities are looking for Canadian housing starts to rebound to an on-consensus 210k pace in June on a recovery in apartments and other multi-unit projects, partially offset by weaker single-family starts.
Key Quotes
“Building permits for May will be released shortly afterward and the market consensus is for a 0.5% m/m decline.”
“US: JOLTS Job Openings are expected to decline to 6.66m in May, down from the cycle high of 6.70m. NFIB Small Business Sentiment rounds out the data calendar and the market looks for the index to edge lower to 105.8 from 107.8.”
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