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Teranet-National Bank Canada June house price index 0.0% vs +0.2% m/m prior

Prior was +0.2%Prices up 3.6% y/y vs +5.7% prior led by AlbertaPrices in Toronto +0.8% y/yFull report

There are some real creaks appearing in the Canadian housing market and that’s a big reason the Bank of Canada will likely ride to the rescue next week with a second consecutive rate cut.

This article was written by Adam Button at www.forexlive.com.

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