The Canadian PressJune 10, 2013 09:30
TORONTO - The Canadian dollar advanced Monday, lifted by strong jobs data at the end of last week and another report out Monday showing rising housing starts.
The loonie was up 0.07 of a cent to 98.13 cents US after Canada Mortgage and Housing Corp. said that housing starts were trending at 182,756 units in May compared to 182,971 in April. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.
But the seasonally adjusted standalone annual rate was 200,178 units in May, an increase from 175,922 in April.