Canada: Focus on housing data – TD Securities

According to analysts at TD Securities, Canadian housing starts and building permits will deliver an update on residential investment for Q3.

Key Quotes

“TD looks for housing starts to recover to a 230k (market: 212k) on more favorable weather conditions along with signs of green shoots the resale market. Meanwhile, the market consensus is for a 2.0% rebound in building permit issuance for July.”