{"id":1901,"date":"2009-05-11T15:21:47","date_gmt":"2009-05-11T20:21:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=1901"},"modified":"2009-05-11T15:21:47","modified_gmt":"2009-05-11T20:21:47","slug":"canadian-new-house-prices-fall-05-in-march-cad-declines-in-currency-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/05\/11\/canadian-new-house-prices-fall-05-in-march-cad-declines-in-currency-trading\/","title":{"rendered":"Canadian New House Prices fall 0.5% in March. CAD declines in Currency Trading."},"content":{"rendered":"<p>Canada&#8217;s New Housing Price Index decreased in March for the sixth straight month according to a report released today by Statistics Canada. The Canadian New Housing Price Index fell by 0.5 percent for March following a decline of 0.7 percent in February.\u00a0 Market forecasts were expecting the 0.5 percent decline for the month. <a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/04\/250150blueglobe3.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1502\" title=\"250150blueglobe3\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/04\/250150blueglobe3.gif\" alt=\"250150blueglobe3\" width=\"250\" height=\"150\" \/><\/a>On an annual basis, house prices fell by 2.4 percent in March from the March 2008 level.<\/p>\n<p>The areas with the highest monthly price decreases in March were Calgary and Edmonton with each showing a 1.2 percent price decline. Other notable monthly declines were seen in Vancouver and Victoria with decreases of 1.1 percent and 0.9 percent, respectively. St. John&#8217;s posted the highest monthly rate of increase in March with a 0.4 percent while Montreal and Quebec also showed house prices increases for the month.<\/p>\n<p>On an annual basis, Edmonton registered the largest house price decline with a 12.3 percent fall while Saskatoon and Calgary also saw declines of 11.2 percent and 8.7 percent, respectively.\u00a0 Vancouver&#8217;s prices declined by 7.8 percent year-over-year while Victoria house prices fell by 6.6 percent. On the positive side, St. John&#8217;s posted an annual increase of 20.8 percent and Regina house prices climbed 12.8 percent from March 2008.\u00a0 Also showing notable house price increases year-over-year were Quebec with a 8.1 percent gain and Montreal which saw prices advance by 3.5 percent.<br \/>\n<strong><br \/>\nCanadian Dollar loses ground in Currency Trading.<\/strong><\/p>\n<p>The Canadian \u201cloonie\u201d dollar has been losing ground today in the currency trading. The U.S. dollar has advanced against the Canadian loonie as the USD\/CAD gained from its 1.1496 opening at 00:00GMT to trading at 1.1645 at 3:48pm EST in the US session according to currency data from Oanda.<\/p>\n<p>The euro has gained against the loonie as the EUR\/CAD trades at the 1.5830 level after opening the day at 1.5698.\u00a0 The loonie has also managed to trade lower versus the Japanese yen today as the CAD\/JPY has fallen to the 83.62 yen per loonie level after opening at 85.45.<\/p>\n<p>The British pound has gained versus the loonie as the GBP\/CAD has climbed to the 1.7617 level after opening the day at 1.7498.<\/p>\n<p>The Australian dollar is higher against the loonie as the AUD\/CAD pair trades at 0.8852 from today\u2019s opening rate of 0.8825 while the New Zealand dollar has also advanced as the NZD\/CAD trades at 0.7029 from 0.7012 earlier today.<\/p>\n<p><strong>USD\/CAD Chart<\/strong> &#8211; The US Dollar advancing higher today in currency trading(15-min. Chart) versus the Canadian Dollar.<\/p>\n<p><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/05\/5-11usdcad.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1902\" title=\"5-11usdcad\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/05\/5-11usdcad.gif\" alt=\"5-11usdcad\" width=\"550\" height=\"400\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monday, May 11th &#8211; Canada&#8217;s New Housing Price Index decreased in March for the sixth straight month&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1901","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=1901"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=1901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=1901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=1901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}