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CAD: All eyes on release of housing starts data - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) - Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that it is going to be a very quiet week for economic data as far as Canada is concerned and the week will kick off with the October release of housing starts.

    Key Quotes

    “TD expects a retrenchment to 218k annualized units (market: 198k) following a surge in the prior month to 232k. As is almost always the case with large monthly swings, the catalyst for the decline will be the multiple units segment.”
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