Housing Starts: BMO Capital Markets

BMO Capital Markets: The loonie closed off the worst levels of the session to drop 0.41 of a cent to 92.15 cents US as the currency rides at its lowest level since the end of September 2009. It cracked the 92-cent level during the day, going as low as 91.95 cents US, according to Huffington Post. "Look for further cooling in starts this year to levels consistent with demographic demand," warned BMO Capital Markets senior economist Robert Kavcic and TORONTO - The Canadian dollar closed sharply lower Thursday as traders took in readings showing a slowdown in the housing sector and looked to the release Friday of December job numbers. Canada Mortgage and Housing Corp. said housing starts for December came in at an annual rate of 189,672 units in December, within expectations of economists but a decrease from 197,797 in November. (www.immigrantscanada.com). As reported in the news.