Canadian New Housing Price Index MoM (Feb) M/M 0.3% vs. Exp. -0.2% (Prev. -0.4%)
Context
The Canadian New Housing Price Index came in at +0.3% MoM for February, significantly beating expectations of -0.2% and reversing the prior decline of -0.4%. This unexpected increase suggests renewed strength in the housing market, which may influence future policy considerations and support the Canadian dollar as it indicates a stronger growth outlook.
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