Canada: Focus on housing data today - TDS

TD Securities analysts are looking for the Canadian housing starts to rebound to a 210k pace in June, in line with the market consensus, on a recovery in multi-unit construction following record permit issuance in April.

Key Quotes

“May building permits will be released shortly afterward at 8:30 ET, with the market looking for a 10% pullback following a +14.7% m/m print in April.”