Investing.com – Canadian new house prices rose less-than-expected in January, official data showed on Wednesday.
In a report, Statistics Canada said its new housing price index rose by 0.2% in January, after rising by 0.1% in December.
Analysts had expected the new housing price index to rise by 0.4% in January.
According to the data, the top contributors to the NHPI monthly increase in January were Toronto and Oshawa, as well as Montreal.
The report said that year-on-year, the NHPI was up 1.9% in January, after rising by 2.1% in December.
The year-on-year NHPI has been registering positive changes since January 2010.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.39% to hit 0.9676.
In a report, Statistics Canada said its new housing price index rose by 0.2% in January, after rising by 0.1% in December.
Analysts had expected the new housing price index to rise by 0.4% in January.
According to the data, the top contributors to the NHPI monthly increase in January were Toronto and Oshawa, as well as Montreal.
The report said that year-on-year, the NHPI was up 1.9% in January, after rising by 2.1% in December.
The year-on-year NHPI has been registering positive changes since January 2010.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.39% to hit 0.9676.