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Canadian Housing Starts in February Defy Expectations and Rise

Discussion in 'Fundamental Analysis' started by ActionForex.com, Mar 10, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Following last week's blockbuster February employment report, Canadian economic data continues to surprise on the upside. This morning CMHC reported that February housing starts rose a phenomenal 15.4% to an annualized 256,900 from 222,700 in January. Expectations within financial markets had been for starts to moderate to 207,500.

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