Canadian housing starts post surprise decline in March

TORONTO (Reuters) - Canadian housing starts declined 3.3% in March compared with the previous month, data from the national housing agency showed on Tuesday.

The seasonally adjusted annualized rate of housing starts fell to 214,155 units from a revised 221,405 units in February, the Canadian Mortgage and Housing Corporation said. Economists had expected starts to rise to 242,500.

(Reporting by Fergal Smith; Editing by Andrew Heavens)

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