Canadian housing starts unexpectedly rise in June
TORONTO, July 9
TORONTO, July 9 (Reuters) - Canadian housing starts rose in June, frustrating economists' expectations for a modest slowdown, though the previous month was revised lower, data released on Wednesday showed.
A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts rose to 198,185 last month from a downwardly revised 196,993 units in May.
That surpassed analysts' forecasts for 189,000. May was originally reported as 198,324. (Reporting by Leah Schnurr Editing by W Simon)
- Seven NATO allies to create new rapid reaction force-report
- Ukraine seeks to join NATO; defiant Putin compares Kiev to Nazis |
- U.S. authorities investigate suspected threat against Obama: reports
- Putin says Russia must strengthen its economic, military position in Arctic
- California passes plastic bag ban, would be first such law in U.S