Canada: Look for an upside surprise in housing starts - TDS

Research Team at TDS, suggests that Canadian housing starts are expected by the market to remain roughly unchanged in June at an annualized 190k.

Key Quotes

“While TD looks for an upside surprise in a 198k print. Residential construction should benefit from the strong 7.2% m/m uptick in permits for multi-family units, which typically drive the volatility in the headline series.”