The typical/expected market impact of this event is low.
The consensus forecast for Housing Starts s.a (YoY) is 262.5K. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Higher numbers than forecast tend 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 279.5K against a forecast of 248K.
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 | 3.5% | 3.2% | ||
Net Change in Employment | Bullish change | 8.8K | 83.1K | ||
Unemployment Rate | Bullish change | 7% | 6.9% | ||
Ivey Purchasing Managers Index | Bullish change | 53.8 | 54.6 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 48.9 | 53.3 | ||
S&P Global Manufacturing PMI | Bearish change | 46.1 | 45.6 |
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) |