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Canadian stock market moves higher on US credit upgrade

Canadian stock market moves higher on US credit upgrade

Better-than-estimated Canadian housing data provided further momentum to the Toronto market. Canada Mortgage and Housing Corp. said that housing starts of Canada were 182,756 units in May, compared with 182,971 in April but better than anticipated.
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Upbeat new housing numbers could be 'last hurrah'

For now, the industry got another bit of good news Monday with Canada Mortgage and Housing Corp. saying new home construction or starts reached the lofty 200,000 level in May on a seasonally adjusted annualized basis. CMHC said urban multiple starts, …
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USD/CAD Fundamental Analysis June 12, 2013 Forecast

The Canadian dollar advanced, amid a solid report on the housing sector. Canada Mortgage and Housing Corp. said Monday that housing starts were trending at 182,756 units in May compared with 182,971 in April. The trend is a six-month moving average …
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