The home starts from the CMHC:
- October starts revised to 242.2K
- November starts 262.4K
There is some variation in these numbers and the six month average is flat at 243K. The pipeline in Canadian home construction near Toronto is drying up but Montreal starts are up 22% and are up 143% y/y.
This article was written by Adam Button at www.forexlive.com.
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