Canada: Focus on housing starts - TDS

Analysts at TD Securities are looking for the Canadian housing starts to come in slightly below consensus in March with a rebound to a 190k pace (market: 194k) on a recovery in multi-unit starts.

Key Quotes

“February building permits will be published shortly afterward and are expected by the market to rise by 2.0%.”

“We await any headlines from Senior Deputy Governor Wilkins, who spoke on a panel in Paris earlier today. The topic is competition and its importance for growth, wages and monetary policy. Note that a slide presentation of the event will be published on the Bank of Canada’s website at 8ET.”