Tuesday, May 8, 2007

Canada Dollar Falls From 11-Month High as Housing Starts Decline in April

(Bloomberg) -- Canada's dollar dropped from an 11- month high after a report showed new-home starts fell in April.

Housing starts fell to 211,900 units on an annual basis from 214,000 in March, Canada Mortgage and Housing Corp. said today. The median estimate of 21 economists surveyed by Bloomberg was for an increase of 215,000.


Read more at Bloomberg Currencies News

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