Canada Teranet/National Bank Oct HPI data now out 15 Nov

  • yy 10% vs 11.4% prev
  • HPI index 218.13 vs 220.33

A second consecutive monthly decline and the largest since September 2010.

Says Teranet:

  • The retreat was due to a 2.8% drop of the index for the Toronto market, the country's largest. Indexes were also down on the month for five other metropolitan areas of the composite index: Hamilton (−1.8%), Edmonton (−0.7%), Winnipeg (−0.7%), Ottawa-Gatineau (−0.3%) and Calgary (−0.2%).
  • Indexes were up on the month for Halifax (1.3%), Vancouver (0.7%), Quebec City (0.6%), Montreal (0.4%) and Victoria (0.1%). For Toronto's index it was the third straight monthly decline and for Hamilton's the second, in both cases following 18 consecutive monthly gains.
  • The declines of the Calgary and Edmonton indexes ended runs of six monthly gains, that of the Ottawa-Gatineau index a run of five gains. The Vancouver, Victoria and Montreal indexes were at record highs in October.

Full report here

USDCAD making its mind up around 1.2750 as USD sales temper CAD losses.