Financial Wire

National Bank Previews This Week's Macroeconomic Data In Canada

-- Investors will get an update on the state of the Canadian residential sector with the release of March housing starts on Friday, said National Bank of Canada.

Judging by the data on building permits, the latter could have increased to 260,000 in annualized terms, led by the multi-unit segment, noted the bank.

Existing home sales on Thursday, for their part, may have edged up 0.7% month over month nationally in the third month of the year, boosted by stronger sales in Toronto and Vancouver, stated National Bank.

In other news, manufacturing sales may have expanded 3.8% month over month in February, on increases in the food and transportation equipment subsectors. The data will be published on Wednesday

Wholesale trade sales for February are also slated to be released on Wednesday.

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