Canada Mortgage and Housing Corp. and Avery Shenfeld

Avery Shenfeld: The loonie was off 0.09 of a cent to 90.08 cents US after a lacklustre employment report on Friday helped push the currency down eight-tenths of a cent US, according to Times Colonist. "Housing looks likely to be a modest growth contributor in upcoming quarters, helped by the completion of multiple-unit dwellings started a year earlier," said Avery Shenfeld, chief economist at World Markets and The Canadian dollar closed lower Monday amid a stronger than expected reading on housing starts and commodity prices that fell in the wake of disappointing data from China. Canada Mortgage and Housing Corp. reported that housing starts for February came in at a seasonally adjusted annual rate of 192,094, slightly higher than the consensus expectation of 190,000. The showing followed a gain of 180,481 starts racked up in January. (www.immigrantscanada.com). As reported in the news.