Canadian Housing Starts (Mar) 235.9K vs. Exp. 255K (Prev. 250.9K)
The Canadian housing starts for March came in below expectations at 235.9K against the forecast of 255K, indicating a potential cooling in the housing market compared to the previous month's 250.9K.
US considers USD 20bln cash-for-uranium deal with Iran, Axios reports, citing sources
Rheinmetall (RHM GY) says co.'s satellite test centre and Andøy Municipality have signed MoU for an integrated processing facility
Canadian Housing Starts (Mar) 235.9K vs. Exp. 255K (Prev. 250.9K)
BoE Chief Economist Pill says there is a need to be cautious about overreacting to high-frequency developments, noting a different view from financial markets; does not think inflation expectations have become de-anchored
Greek shipowner sends its largest supertanker through Hormuz during Iran war, likely transiting with transponder off; headed to China, Bloomberg reports
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This miss could signal a slowdown in construction activity, which may have implications for economic growth and inflation dynamics in Canada, possibly affecting central bank policy moving forward.
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