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Canadian new housing price index inches up 0.2% in June

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Investing.com -

Investing.com - Canadian new house prices rose in line with expectations in June, official data showed on Thursday.

In a report, Statistics Canada said its new housing price index inched up by 0.2% in June, meeting forecasts, and following a 0.1% increase in May.

The increase was largely the result of higher new home prices in Ontario.

Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.21% to hit 1.0891.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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