off-the-wire

Canadian housing starts fall 6% in May

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canadian housing starts fall 6% in May teaser image

TORONTO, June 15 (Reuters) - Canadian housing starts ​fell 6% in ‌May from the previous month, ​which was ​a smaller decline than ⁠expected, data ​from the national ​housing agency showed on Monday.

The seasonally adjusted ​annualized rate ​of housing starts decreased ‌to ⁠261,377 units from a revised 278,380 units ​in ​April, ⁠the Canada Mortgage and ​Housing Corporation (CMHC) ​said. ⁠Economists had expected starts to ⁠fall ​to 255,000.

Reporting ​by Fergal Smith; Editing ​by Andrew Cawthorne

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.