Canadian Housing Starts (Apr) 279.3K vs. Exp. 245K (Prev. 235.9K)
Context
The Canadian housing starts data for April at 279.3K exceeded expectations of 245K and also represents an increase from the previous 235.9K. This stronger-than-expected print suggests a more resilient housing sector, which could indicate robust economic activity and may affect the outlook for monetary policy and interest rates in Canada.
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