Loonie at 75.53 U.S. cents
, a 27-month low and below the 3 per cent rate expected by economists, while the average of two of the Bank of Canada’s core measures of underlying inflation was slightly lower at 3.8 per cent, Statistics Canada data showed.
Separate data showed Canadian housing starts rose 41 per cent in June compared with the previous month, the largest increase in the last 10 years, led by groundbreaking on multiple-unit urban homes.
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