Investing.com

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 inched up by 0.1% in May, below forecasts for a gain of 0.3% and following a 0.2% increase in April.



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



Following the release of the data, the Canadian dollar was lower against its U.S. counterpart, with USD/CAD rising 0.17% to hit 1.0670.





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