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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- Housing starts were very close to expectations in March as they fell -7% to a seasonally adjusted 242.2k annualized (cons 243.5k).
- The volatility in the series continues, with starts pulling back having surged 12.7% M/M in Feb.
- The driver of this noise is urban multi-units, which fell -7.8% after +19.6%.
- Urban single starts have however shown a notably weaker trend recently, -3.2% in Mar after -3.5% in Feb and have now fallen 15% since October.
- The overall level of housing starts will need to be ramped up strongly to keep up with population demands.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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