Canada: Housing starts to accelerate to a 224k pace - TDS

Analysts at TD are looking for January housing starts of Canada to accelerate to a 224k pace on strong permit data and a return to more seasonal temperatures following a cold snap in December.

Key Quotes

 “The market is more downbeat and expects starts to slow to 210k. Meanwhile, new house prices for December will give an update for the shelter component of CPI and the market is looking for a 0.1% m/m increase. Bank of Canada Senior Deputy Governor Wilkins is also scheduled to speak at 12:45 ET on the topic of "Innovation and Inclusive Growth."

“US: Initial jobless claims will complement another round of Fed speakers as the lone data release and the market consensus is for a mild pickup to 232k. For the Fed, we will hear from Kaplan, Harker, Kashkari and George. None are voters in 2018.”