Canada: Focus on housing data - TDS

Analysts TD Securities (TDS) offer their expectations on Monday’s Canadian housing data slated for release at 1215 GMT.

Key Quotes:

“CAD Housing starts and building permits will give an update on residential investment. TD looks for housing starts to slow to a 212k pace in May (market: 205k) on a pullback in multi-unit construction, which reached a new record the prior month.

April building permits will be released shortly afterward at 8:30 ET, with the market consensus looking for a 1.8% advance.”