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Investing.com - Canadian housing starts rose less-than-expected in December, official data showed on Thursday.
In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose by 189,700 units last month, compared to expectations for a gain of 190,000.
Canadian housing starts rose by 197,800 in November, whose figure was revised from a previously reported 192,200 units.
Commenting on the report, Manager of Economic and Housing Analysis at CMHC, Bruno Duhamel, said, “The trend in housing starts has remained essentially stable since October 2013.”
Following the release of the data, the Canadian dollar was lower against its U.S. counterpart, with USD/CAD adding 0.37% to hit 1.0861.
In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose by 189,700 units last month, compared to expectations for a gain of 190,000.
Canadian housing starts rose by 197,800 in November, whose figure was revised from a previously reported 192,200 units.
Commenting on the report, Manager of Economic and Housing Analysis at CMHC, Bruno Duhamel, said, “The trend in housing starts has remained essentially stable since October 2013.”
Following the release of the data, the Canadian dollar was lower against its U.S. counterpart, with USD/CAD adding 0.37% to hit 1.0861.