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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.
(MNI) OTTAWA
OTTAWA (MNI)
Canadian housing starts dropped 13% in January to the lowest since September 2020, the federal housing agency said Wednesday, after the central bank brought in the biggest rate-hike campaign in decades to quell inflation.
The annualized pace of starts reported by Canada Mortgage and Housing Corp. fell on the month to 215,365 units, including a 52% drop in Toronto. Government ministers have been warned that higher inflation and interest rates are straining their signature goal of doubling the pace of home construction to ease a supply squeeze. (See: MNI: Canada Minister Briefed 45% Cost Jump Risks Housing Goal)
Source: CMHC
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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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