From Tuesday's Globe and Mail
Last updated on Tuesday, Aug. 11, 2009 08:27AM EDT
Canadian housing starts scheduled for release today are recovering from depressed levels much more quickly than expected, strategists say.
“Nowhere is the benefit of record-low [interest] rates more apparent than in the housing market, where resales have jumped 57 per cent in the past five months and look solid again in July,” said Sal Guatieri, a senior economist with BMO Nesbitt Burns Inc.
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