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Housing starts surge 23.1 per cent in January, CMHC says


The Globe and Mail
Tara Deschamps
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JONATHAN HAYWARD/The Canadian Press
The suburbs surrounding Toronto, Montreal and Vancouver are fuelling an uptick in homes beginning construction and properties ready for occupancy, Canada Mortgage and Housing Corp. says.
In two reports released Monday, the federal housing agency said that the number of homes in Toronto, Montreal and Vancouver ready for tenants owners has begun soaring the farther one is from those city’s centres, while the number of urban properties starting construction is also edging up. ....

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Strong Canada data boosts loonie - MarketPulse


Strong Canada data boosts loonie
February 15, 2021SharePrint
The Canadian dollar has started the week with gains. Currently, USD/CAD is trading at 1.2643, down 0.40% on the day.
It has been a busy start to the week for Canadian fundamentals, after just one event last week. The numbers were much stronger than expected, which has given a boost to the Canadian dollar. Housing Starts jumped from 228 thousand to 282 thousand, an exceptionally high reading. This crushed the estimate of 236 thousand. There was more positive news from Manufacturing Sales, which rebounded with a gain of 0.9% in December, after a read of -0.6% beforehand. This easily beat the street consensus of 0.2%. ....

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