Canada June housing starts 239.0K vs 257.9K expected

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  • Prior was 261.4K (revised to 253.1K

Housing activity propelled the Canadian economy for years but those days are long gone. Housing is a stubborn drag on the economy and it's going to take awhile to turn it around. There are pockets of strength but Ontario is a problem and it's not clear that we're at a bottom yet (though probably close).

This article was written by Adam Button at investinglive.com.

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