Canadian housing starts gain in January

Mon Feb 9, 2015 8:27am EST
 
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OTTAWA Feb 9 (Reuters) - Canadian housing starts unexpectedly rose in January, though the longer-term trend measure of new construction edged down, data showed on Monday.

A report from the Canadian Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts rose to 187,276 units last month from a downwardly revised 179,637 in December. That surpassed the 178,000 economists had expected.

December had previously been reported as 180,560 units. (Reporting by Leah Schnurr)