Canadian housing starts jump 8% in September -CMHC

TORONTO (Reuters) - Canadian housing starts unexpectedly rose in September, climbing 8% compared with the previous month, as groundbreaking increased on multi-unit and single-family-detached projects, data from the national housing agency showed on Wednesday.

The seasonally adjusted annualized rate of housing starts rose to 270,466 units from a revised 250,383 units in August, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 240,000.

(Reporting by Fergal Smith, Editing by Louise Heavens)

You May Also Be Interested In

• Chip toolmaker ASML expected to shine light on capacity and China challenges
• Asian stocks drop as oil rises after Trump's Hormuz levy threat
• More than 260,000 evacuated as Typhoon Bavi brings severe floods