CAD: Stephen Poloz and Housing starts in focus - TDS

FXStreet (Delhi) – Research Team at TDS, suggests that the Canada’s November housing starts report is it today, TD’s on-consensus expectation is for the pace of new residential construction activity to remain largely unchanged at 200K.

Key Quotes

“Permits are expected to rebound at a respectable 2.9% m/m, following the 6.7% m/m collapse the month before. The market will also pay particular attention to the remarks by BoC Governor Poloz, who will be speaking on “The Evolution of Unconventional Monetary.”