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Global markets: US housing starts drop

By Commodity News Service Canada

WINNIPEG, April 18, 2017 (CNS Canada) – The following is a glance at the news moving markets globally.

– US housing starts dropped in April, the country’s commerce department said on Tuesday, notching the biggest decline in three years.

US housing starts fell 6.8 per cent to a seasonally adjusted 1.22 million units.

– Canadian refineries received 8.7 million cubic metres of crude oil in January, up 4.7 per cent from the same month in 2016, Statistics Canada said in a report on Tuesday.

Domestic crude oil increased 1.4 per cent compared with January 2016 to 5.5 million cubic metres.

– Foreign investment in Canadian securities reached a record high C$38.8 billion in February, led by issuances of new Canadian shares to non-resident investors. At the same time, Canadian investors acquired C$6.3 billion of foreign securities, mainly US instruments, StatsCan said in a separate report on Tuesday.

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