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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.
OTTAWA (MNI)
Canadian housing starts rose the fastest since November 2021 with a 22% gain in April, a federal agency said Monday, despite government worries about a housing squeeze amid record immigration and the rising cost of materials.
The seasonally-adjusted annual rate of construction rose to 261,559 units from 213,780 in March, Canada Mortgage and Housing Corporation said, much higher than the Bloomberg consensus for 220,000 units. The six-month moving average of starts was still down 0.2%. (See: MNI: Trudeau Told Falling Prices To Hurt Homebuilding-Briefing)
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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