Investing.com – Canadian new house prices rose less-than-expected in September, official data showed on Tuesday.
In a report, Statistics Canada said its new housing price index rose by 0.2% in September, after rising by 0.1% in August.
Analysts had expected the new housing price index to rise by 0.5% in September.
According to the data, the top contributors to the NHPI monthly increase in September were Montreal and Calgary.
The report said that year-on-year, the NHPI was up 2.7% in September following a 2.9% increase in August.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD falling 0.40% to hit 0.9993.
In a report, Statistics Canada said its new housing price index rose by 0.2% in September, after rising by 0.1% in August.
Analysts had expected the new housing price index to rise by 0.5% in September.
According to the data, the top contributors to the NHPI monthly increase in September were Montreal and Calgary.
The report said that year-on-year, the NHPI was up 2.7% in September following a 2.9% increase in August.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD falling 0.40% to hit 0.9993.