Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday.
A report Tuesday morning from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts slipped to 192,368 last month from a downwardly revised 199,813 units in July.
That number was shy of analysts’ forecasts for 195,000. July was originally reported as 200,098.
