Investing.com - Canadian new house prices rose in line with expectations in March, official data showed on Thursday.
In a report, Statistics Canada said its new housing price index inched up by 0.2% in March, meeting forecasts and following a 0.2% increase in February.
Year-over-year, the new housing price index advanced at an annualized rate of 1.6% in March after rising 1.5% in the preceding month.
Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.17% to hit 1.0881.