Canadian housing starts and Fed speak in focus today - TDS

Analysts at TDS explain that Canadian housing starts are forecast to decelerate to 210k in April, reflecting a slowdown in both single and multi-unit construction.

Key Quotes

“New regulatory measures in the Toronto region, most notably rent control and the foreign buyer's tax, are unlikely to influence this month's report given the long lead time for new projects.”

“US: The Labor Market Conditions Index for April is the lone economic release while the Fed’s Bullard and Mester are due to give policy-related speeches. Neither is a 2017 voter.”