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Canadian NHPI rises 0.1% in May

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Investing.com - Canadian new house prices rose less-than-expected in May, official data showed on Thursday.

In a report, Statistics Canada said its new housing price index rose by 0.1% in May, below expectations for a 0.3% increase and following a 0.2% gain in April.

Prices were unchanged in 5 of the 21 metropolitan areas surveyed.

Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.38% to hit 1.0427.

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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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