Canada May housing starts 279.5K vs 245K expected

16/06/2025 | 12:15 GMT

Canadian May 2025 housing starts from the CMHC

Prior was 278.6K (revised to 280.2K)

USD/CAD was trading at 1.3564 ahead of the release, close to the lowest levels since October. This is a good sign that house construction is continuing despite falling prices in much of the country.

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