CAD: Housing starts to post a moderate increase - TDS

Research Team at TDS, suggests that the Canada’s s housing starts are forecast by TD to post a moderate increase to an annualized 195k for September, reversing the decline from the prior month.

Key Quotes

“This is in line with the August spike in building permits and a 1.4% m/m increase in hours worked in the construction industry during September. Our forecast is slightly above the market consensus of 192k.”