CAD: New home prices and capacity utilization in focus - TDS

Research Team at TDS, suggests that Canada’s first quarter capacity utilization is projected by the market to push higher to 81.3% from 81.1% in Q4.

Key Quotes

“Despite a slowdown in manufacturing sector momentum toward the end of Q1, the capacity utilization will be supported by an even larger plunge in business investment. New home prices will be released simultaneously for April and are expected by the market to rise by 0.2% m/m.”