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Canada Mortgage and Housing Corporation (CMHC) Housing Starts show the number of new housing projects that started during the reported month.
The Housing Starts index characterizes the activity in the housing market and related sectors, including banking (mortgage loans), construction sector, etc.
The indicator growth can have a positive effect on CAD quotes.
The chart of the entire available history of the "CMHC Canada Housing Starts" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.