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Canada April new housing price index -0.4% vs 0.0% prior

  • Prior was 0.0%

The cracks in the Canadian housing market are growing and help isn’t coming. The latest CPI number drastically cut the odds of a BOC rate cut in June (odds now just 31%) and Canadian yields are following the global trend higher.

This article was written by Adam Button at www.forexlive.com.

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