Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The typical/expected market impact of this event is low.
The consensus forecast for Housing Starts s.a (YoY) is 245K. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Housing Starts s.a (YoY) was 262.4K against a forecast of 248.2K.
Recent economic data has been strongly bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Housing Starts s.a (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Average Hourly Wages (YoY) | Bearish change | 3.9% | 3.7% | ||
Net Change in Employment | Bullish change | 50.5K | 90.9K | ||
Unemployment Rate | Bullish change | 6.8% | 6.7% | ||
Ivey Purchasing Managers Index | Bearish change | 49.7 | 44.3 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 52.3 | 54.7 | ||
S&P Global Manufacturing PMI | Bullish change | 52 | 52.2 |
Country: | Canada |
---|---|
Currency: | CAD |
Source: | Canada Mortgage and Housing Corporation |
Category: | Housing Market |
Frequency: | Monthly |
Australia | Building Permits (MoM) | ||
New Zealand | Building Permits s.a. (MoM) | ||
United States | Pending Home Sales (MoM) | ||
United States | Existing Home Sales Change (MoM) | ||
United States | New Home Sales Change (MoM) | ||
United States | Housing Starts (MoM) | ||
United States | Building Permits (MoM) |