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News Article | February 15, 2017
Site: www.marketwired.com

MONTRÉAL, QUÉBEC--(Marketwired - Feb. 8, 2017) - Housing starts in the Sherbrooke census metropolitan area (CMA) were trending at 1,347 units in January, compared with 1,104 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. "In January, the housing starts trend in the greater Sherbrooke area was up from December. This increase was mainly attributable to the start of construction on a seniors' residence in the city of Sherbrooke (pre-merger)," said Rosemarie Bégin, Market Analyst at CMHC. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets, which can be quite variable from one month to the next. The stand-alone monthly SAAR was 2,179 units in January, up from 1,200 in December. Preliminary housing starts data is also available in English and French at the following link: Preliminary Housing Starts Tables. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request. To view the graph and tables associated with this release, please visit the following link: http://media3.marketwire.com/docs/1084170e.pdf


News Article | February 15, 2017
Site: www.marketwired.com

QUEBEC CITY, QUEBEC--(Marketwired - Feb. 8, 2017) - Housing starts in the Saguenay census metropolitan area (CMA) were trending at 497 units in January, compared to 505 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. "Residential construction in the Saguenay area stayed essentially the same in January. In fact, even though the trend in housing starts rose slightly over the past year, the volume of construction has remained at a rather low level from a historical standpoint. This has been due to the sluggish economic and demographic environment and the high inventories of units already available in the area," said Nicolas Bernatchez, Market Analyst at CMHC. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets, which can be quite variable from one month to the next. The stand-alone monthly SAAR was 256 units in January, down from 666 in December. Preliminary housing starts data is also available in English and French at the following link: Preliminary Housing Starts Tables. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request. Tables and a graph are available at the following address: http://media3.marketwire.com/docs/1085202_Saguenay-e.pdf


News Article | February 15, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 8, 2017) - The housing starts trend measure for London Census Metropolitan Area (CMA) was 3,919 units in January, up from 3,107 units in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. "A large number of apartment starts in January pushed up the trend measure to an unusually high level. New condominium apartments are being built in response to the shortage of homes listed for sale in the $250,000 to $350,000 price range, while new rental apartments are being built in response to London's lowest vacancy rate since 2003," said Anthony Passarelli, Senior Market Analyst with CMHC. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The monthly SAAR of total starts was 6,749 units in January, up significantly from 2,668 units in December primarily due to apartment starts, which are highly volatile month-to-month in London. Row home starts were also higher in January. Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request. To view the graph and tables associated with this release, please visit the following link: http://media3.marketwire.com/docs/1085164a_Tables_Graph.pdf


News Article | February 15, 2017
Site: www.marketwired.com

CALGARY, ALBERTA--(Marketwired - Feb. 8, 2017) - Housing starts in the Calgary Census Metropolitan Area (CMA) were trending at 9,413 units in January compared to 10,563 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts. "Total housing starts trended lower in January as the pace of both single-detached and multiple construction declined from a month earlier," said Richard Cho, CMHC Principal Market Analyst for Calgary. "The slowdown in construction was mainly recorded in the multiple segment of the market where inventories are well above historical levels." CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The standalone monthly SAAR was 5,862 units in January, down from 11,661 in December. Actual housing starts in January totalled 426 units, a 25 per cent decline from 567 units in the same month a year earlier. Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request To view the graph and tables associated with this release, please visit the following link: http://media3.marketwire.com/docs/1085210e.pdf


News Article | February 15, 2017
Site: www.marketwired.com

SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 8, 2017) - Housing starts in the Saskatoon Census Metropolitan Area (CMA) were trending at 1,749 units in January compared to 1,912 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts. "Total housing starts trended lower in January after local builders decreased production of both single-detached and multi-unit dwellings. In 2017, residential construction in the Saskatoon CMA will be constrained by relatively weak economic and labour market conditions, and by elevated inventory of completed and unsold units," said Goodson Mwale, CMHC's Senior Market Analyst for Saskatchewan. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The standalone monthly SAAR was 1,073 units in January, down from 2,020 in December. Total actual housing starts in January declined 58 per cent from a year ago, led by the multiples sector where builders initiated 11 units compared to 73 in January 2016. Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request To view the graph and tables associated with this release, please visit the following link: http://media3.marketwire.com/docs/1085217e.pdf


News Article | February 15, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 8, 2017) - Housing starts in Brantford Census Metropolitan Area (CMA) were trending at 290 units in January compared to 339 units in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. "The trend in Brantford CMA total housing starts decreased in January 2017, reflecting lower trends for townhouse and apartment starts compared to December 2016," said Abdul Kargbo, CMHC's Senior Market Analyst for the Hamilton and Brantford CMAs. "Despite the January decrease, economic and demographic factors remain supportive of housing demand which will lead to a recovery in starts during 2017." CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The multiples segment includes apartments, rows and semi-detached homes. The standalone monthly SAAR was 111 units in January, down from 224 units in December. The January decrease in the SAAR measure was entirely due to fewer townhouse starts compared to the previous month. Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request. To view the graph and tables associated with this release, please visit the following link: http://file.marketwire.com/release/1085130en.pdf


News Article | February 15, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 8, 2017) - Housing starts in the Guelph Census Metropolitan Area (CMA) were trending slightly up at 729 units in January compared to 700 units in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. "The slight increase in the total housing starts trend in January occurred because the trend for semi-detached and apartments moved higher. The trends for starts of single-detached houses and townhomes were relatively flat in January," said Erica McLerie, Senior Market Analyst at CMHC. "In-migration and a very tight resale market have supported the demand for new homes. However, the land constraints in the City of Guelph have meant fewer low-rise starts." CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The multiples segment includes apartments, rows and semi-detached homes. The SAAR of total housing starts was 451 units in January, down from 538 units in December due to a lower number of starts for single-detached and semi-detached houses and townhouses. Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request. To view the graph and tables associated with this release, please visit the following link: http://media3.marketwire.com/docs/1085151e.pdf


News Article | February 15, 2017
Site: www.marketwired.com

WINNIPEG, MANITOBA--(Marketwired - Feb. 8, 2017) - Housing starts in the Winnipeg Census Metropolitan Area (CMA) were trending at 4,802 units in January compared to 4,513 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts. "Total housing starts trended upwards in January as the pace of multi-family construction increased from the previous month." said Heather Bowyer, CMHC's Senior Market Analyst for Manitoba. "Following elevated inventories that slowed production last year, several new condominium projects boosted construction this month," added Bowyer. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The standalone monthly SAAR increased to 8,112 units in January from 3,119 in December. On a year-over-year basis, actual housing starts more than doubled in January 2017 to 634 units from 284 the same time last year. This increase was primarily driven by multi-family starts which represented close to 80 per cent of total housing starts. Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook. Additional data is available upon request Tables and a graph are available at the following address: http://media3.marketwire.com/docs/1085215_Winnipeg-E.pdf


News Article | May 18, 2017
Site: www.prnewswire.com

Emerging from an uncertain election year, companies selling to the public sector reported increased confidence in their expectations for sales growth in 2017-18. Each year Onvia's B2G market research team uses the survey results to construct the Onvia GCCI, a single, balanced, composite metric that describes the overall confidence that government contractors have in their ability to grow their public sector sales over the next 12 months. The GCCI is based on a 0-200 scale where 0 means "extremely low confidence," 100 means neutral (neither higher nor lower) and 200 means "extremely strong confidence." The GCCI score for 2017 is 135.8, up 5% from 2016's score of 129.4. Scores above 100.0 generally point to an expanding market for contractors. "The 2017 GCCI provides a view into why government vendors are feeling optimistic about their prospects for increased sales," said Paul Irby, B2G Market Analyst. "The 5% increase in this year's score was driven most notably by 21% improvement in expectations for overall agency spending and 8% improvement in the outlook for funding in specific departments." The GCCI is constructed using four survey questions about public sector sales growth and the impact of agency budgets on their sales. The index components include: The 2017 results show a vendor community that is expecting to grow their public sector sales revenues over the next 12 months. Comments supporting this positive outlook tended to focus on increasing public sector sales and marketing investment as a result of expanding agency budgets and the effects of an improving economy. Participating vendors shared the following perspectives: Business leaders in sales, marketing, business development and sales operations who are tasked with planning and executing on their public sector strategy will find the results of this year's survey to be an indispensable source of vendor sentiment on the government marketplace. Discover what companies have to say about their public sector sales expectations for the coming year by requesting a complimentary copy of the report here. Onvia (NASDAQ: ONVI) is the leading provider of sales intelligence and acceleration at the core of the business-to-government (B2G) marketplace. Applying advanced technologies and domain expertise, Onvia curates data about millions of exchanged contracts, agencies and decision makers, vendors and channels, projects and investment plans, awards records and market trends. Our B2G Intelligence System (B2GIS) delivers quality leads, process agility and strategic foresight, equipping companies of all sizes to grow their public sector business and government agencies to gain procurement efficiency. Resolving the friction in this vital, complex, multi-trillion-dollar marketplace, we create mutual value for private and public sectors, taxpayers and society at large. Visit https://www.onvia.com to explore what makes business, government and media trust Onvia for B2G market insights. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/onvia-publishes-2017-survey-of-government-contractor-sales-expectations-300459705.html


News Article | February 26, 2017
Site: news.yahoo.com

Trading got underway at Wall Street with investors awaiting any specifics on fiscal stimulus and tax cuts in President Donald Trump address to a joint session of Congress (AFP Photo/SPENCER PLATT) Paris (AFP) - World equity markets came under pressure Friday as analysts ran out of ways to justify Donald Trump-inspired stock valuations, but some said the party may not be completely over. The dollar stuttered, while Wall Street, Asian and European markets fell after Treasury Secretary Steven Mnuchin lowered US growth expectations, providing the trigger for a correction many said had been overdue. "The signs were there for a stock market plunge, which is exactly what has happened today," said Fawad Razaqzada, an analyst at Forex.com. "Is this the start of the crash that many people had been waiting for? Well, that remains to be seen," he said. Friday's downturn came after 10 gravity-defying straight record-breaking sessions on the New York exchange which had global investors looking on in "awe and disbelief", said Mati Greenspan, Senior Market Analyst at eToro. This took Wall Street's gains since Trump's election to around nine percent. "Many analysts feel that this has been overdone but most agree that it could very well continue for a while," said Greenspan. In the meantime, Wall Street's recent surge "was probably a cue in itself for global markets to give a little back," said Jasper Lawler, an analyst at London Capital Group. After all, he said, such a winning streak had not been seen since 1987, "the year that saw Black Monday, the biggest one-day market crash in history". But while all the world's major stock markets suffered in Friday's correction, they were in no mood for a crash. Europe even came off early lows late in the session, relieved that Wall Street's morning fall turned out to be so modest. Mnuchin forecast three percent growth by the end of next year, warning that the effect of certain measures would take time. That compared with the four percent Trump promised on the campaign trail. In an interview with CNBC, Mnuchin also appeared to wind back on his boss's earlier threats to call China a currency manipulator, easing concerns about a possible trade stand-off between the world's top two economic powers. Stephen Innes, senior trader at OANDA, said the comments "have left investors dangling about the US administration's currency policy as there appears to be a subtle shift in the Trump administration's rhetoric". The comments overshadowed his promise to push through tax cuts by August, and pursue deregulation on companies and banks. Gold, an attractive investment in risky times, rose 0.5 percent on Friday as investors fled the stock markets for safety. The dollar lost some of its recent shine against the euro and the yen, another sign that cracks may be appearing in investors' belief that US economic strength will make them richer day after day. In corporate Europe, some heavyweights saw heavy losses in response to annual results. Vivendi in Paris dropped nearly four percent after posting a 35-percent decline in net profit. Royal Bank of Scotland shares dropped 4.5 percent in London after the bank's net loss widened to £7 billion in 2016. Frankfurt heavyweight BASF shed close to three percent after the chemicals giant reported a "challenging" 2016, leaving it just "cautiously optimistic" for the current year. New York - Dow: DOWN 0.3 percent at 20,749.51 Euro/dollar: UP at $1.0581 from $1.0579 Pound/dollar: DOWN at $1.2493 from $1.2556 Dollar/yen: DOWN at 112.27 yen from 112.67 yen Oil - West Texas Intermediate: DOWN 42 cents at $54.03 per barrel

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