Canadian housing starts post surprise 0.4% rise in June
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FILE PHOTO: Houses are seen for sale in a neighbourhood of Ottawa, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File Photo
(Corrects revised units figure in May in paragraph 2)
(Reuters) -Canadian housing starts posted a surprise increase in June, rising 0.4% from May, data from the national housing agency showed on Wednesday.
The seasonally adjusted annualized rate of housing starts rose to 283,734 units from a revised 282,705 units in May, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 259,000.
(Reporting by Fergal Smith; Editing by Andrew Heavens)
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