Reuters

Housing starts drop 4.3 percent in June

Wed Jul 9, 8:22 AM

TORONTO (Reuters) - Canadian housing starts fell 4.3 percent in June to a seasonally adjusted annualized rate of 217,800 units from an upwardly revised 227,700 units in May, Canada Mortgage and Housing Corp. said on Wednesday.

The number of starts in June beat the consensus estimate of analysts, who had called for 217,000 starts.

(Reporting by Frank Pingue)

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