Canada January new housing price index -0.1% vs 0.0% m/m expected

Author: Adam Button | Category: News

Canadian new house costs

  • Prior was 0.0% m/m
  • House prices -0.1% y/y vs 0.0% expected
  • The yearly decline is the first one since 2009
These aren't moving in the right direction as slipping existing housing prices force new home builders to be more competitive.

USD/CAD touched a session high of 1.3342 after the data, ticking a few pips higher.
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