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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 fell by more than expected in March from 240.9k to 213.9k (cons 237.5k) for a 11% decrease, reversing February’s strong 13% bounce for the admittedly volatile series.
- Total urban starts were -12% M/M, of which single family were -16% and multi-unit -11%.
- It questions what had appeared to be some stabilization in the downward trend in starts whilst relative levels are still notably higher than sales compared to pre-pandemic levels.
- That being said, residential investment already looks to have had an oversized drag on real GDP growth and if past historical relationships are accurate, has possibly seen the peak of this drag for the cycle.
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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