A slew of Canadian economic data came out 8:15AM EDT and 8:30AM during the 6/8 Friday session.
Housing Starts for May came in 211K vs. forecast of 226K and April reading of 244K (revised from 245K)
source: Canada Mortgage and Housing Corporation (CMHC)
Employment change for May came in 7.7K vs. 10.0K forecast, and April reading of 58.2K
Employment has been mixed few months, but in general total employment trend has been positive:
Meantime, unemployment rate was 7.3% as expected and the same as April's reading. This reading has been sliding.
Source: Statistics Canada (statcan)
Source: Statistics Canada
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