Investing.com – Canadian new house prices rose less-than-expected in December, official data showed on Thursday.
In a report, Statistics Canada said its new housing price index rose by 0.1% in December, after rising by 0.3% in November.
Analysts had expected the new housing price index to rise by 0.2% in December.
According to the data, the top contributors to the NHPI monthly increase in December were Toronto and Oshawa, as well as Winnipeg.
The report said that year-over-year, the NHPI was up 2.1% in December, after rising by 2.3% in November.
The year-over-year NHPI has been registering positive changes since January 2010.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD rising 0.37% to hit 0.9973.
In a report, Statistics Canada said its new housing price index rose by 0.1% in December, after rising by 0.3% in November.
Analysts had expected the new housing price index to rise by 0.2% in December.
According to the data, the top contributors to the NHPI monthly increase in December were Toronto and Oshawa, as well as Winnipeg.
The report said that year-over-year, the NHPI was up 2.1% in December, after rising by 2.3% in November.
The year-over-year NHPI has been registering positive changes since January 2010.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD rising 0.37% to hit 0.9973.