Canadian housing starts rise 14% in September -CMHC

TORONTO, Oct 16 (Reuters) - Canadian housing starts rose 14% in September compared with the previous month, a sharper increase than expected, data from the national housing agency showed on Thursday.

The seasonally adjusted annualized rate of housing starts was 279,234 units, up from a revised 244,543 units in August, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to rise to 255,000 units.

Reporting by Fergal Smith; Editing by Toby Chopra

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Canadian housing starts rise 14% in September -CMHC

By Reuters

Reuters

Reuters

Risk of gold price correction mounts as $4,000 target looms - Bank of America

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Gold price powers to record high, silver 14-year high, platinum 13-year peak

Metals Focus looks at industrial demand for silver as prices push closer to $50 an ounce

Gold hits record high, surpasses key $4,000 mark