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Canada November housing starts 262.4K vs 245.1K expected

Home starts from the CMHC:

  • October starts revised to 242.2K
  • November starts 262.4K

There is some variance in these numbers and the six-month average is flat at 243K. The pipeline in Canadian home construction near Toronto is drying up but Montreal starts were up 22% and are up 143% y/y.

This article was written by Adam Button at www.forexlive.com.

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