Medium Impact
CAD - Housing Starts - Jan.
February 08, 2010 13:15 GMT
Actual
186.3K
Forecast
179.0K
Previous
174.5K
Source:
Statistics Canada
Measures (What does it measure?):
A comparison of the number of new residential buildings beginning construction this month with the previous month.
Frequency:
Monthly. Usually released 30 days after the reported month.
Purpose (Why should traders care?):
Housing Starts reports the number of new houses built in Canada and its providences. Traders are interested in the Housing Starts report because construction data usually has an impact on other statistics, such as employment and durable goods, that contribute to the whole economy.
Also Known As: