Canadian housing starts fall sharply in February

Mon Mar 9, 2015 8:24am EDT
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TORONTO, March 9 (Reuters) - Canadian housing starts fell much more sharply than expected in February, while January numbers were revised slightly lower, data showed on Monday.

A report from the Canadian Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts fell to 156,276 units last month from a downwardly revised 187,025 in January. That fell short of the 180,000 economists had expected. (Reporting by Jeffrey Hodgson; Editing by Chizu Nomiyama)