Canada: Housing starts to moderate to a 225k pace - TDS

Analysts at TDS point out that Canada’s December housing starts are the lone economic release and they are looking for starts to moderate to a 225k pace from 252k last month, while the market expects a more substantial slowdown to 215k.

Key Quotes

“Colder weather should have an adverse impact on residential construction though Friday’s employment data showed a large increase in hours worked.”