CAD: All eyes on release of housing starts data - TDS

FXStreet (Delhi) - Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that it is going to be a very quiet week for economic data as far as Canada is concerned and the week will kick off with the October release of housing starts.

Key Quotes

“TD expects a retrenchment to 218k annualized units (market: 198k) following a surge in the prior month to 232k. As is almost always the case with large monthly swings, the catalyst for the decline will be the multiple units segment.”