Canadian Housing Starts Fall in March

Canadian housing starts fell more than expected in March, according to data released on Tuesday that was likely to underscore expectations the country’s housing market is stabilizing.

A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts fell to 156,823 units last month from a downwardly revised 190,639 in February, below economists’ forecast for 191,000 in March.

February’s housing starts were originally reported as 192,094 units.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza