Canada Housing Starts 11 Percent Lower in January - 2004-02-10
Canadian housing starts were lower in January, but should recover in coming months as recent interest rate cuts take hold, Canada Mortgage and Housing Corp. said on Monday.
Housing starts last month declined to a seasonally adjusted annual rate of 195,500 units from a revised 219,400 units in December, missing the consensus expectations of analysts who had called for 215,000 starts.
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