Housing, stocks up in January, but GDP short of forecasts

Still, the results are short of the 0.4% rise many economists had forecasted.

The housing index, which is a composite index of housing starts and house sales, rose 1.3% between December and January, whereas the S&P/TSX stock price index went up 2.6%.

It was the third straight gain in the housing index, although Statistics Canada reported “strength in existing home sales outweighed a dip in housing starts.”

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