Canadian Housing Starts Rise 1.1% In July.

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Canadian housing starts surprisingly rose in July compared with the previous month, data from the national housing agency.

The seasonally adjusted annualized rate of housing starts rose 1.1% to 275,329 units from a revised 272,381 units in June; Canadian Mortgage and Housing Corporation (CMHC) data showed. Analysts had forecasts starts would dip to 262,100.

Reuters.

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