Analysts TD Securities (TDS) offer their expectations on Monday’s Canadian housing data slated for release at 1215 GMT.

“CAD Housing starts and building permits will give an update on residential investment. TD looks for housing starts to slow to a 212k pace in May (market: 205k) on a pullback in multi-unit construction, which reached a new record the prior month. April building permits will be released shortly afterward at 8:30 ET, with the market consensus looking for a 1.8% advance.”